Debit and Alternative Products

Debit Information Has No Place in Credit Bureau Reporting

March 17, 2014
Mercator Research
The case against including debit card and demand deposit account data in consumer credit reports

The argument that checking account information should be included in individuals’ credit reports is based on the belief (by some) that more information is better than less, and that spending data on an individual would be helpful to qualify an underserved individual for credit lines. This is an uninformed argument that could cost the banking industry millions.

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