News for hackers. Stuff that matters.

A comment on Credit Scores Can Run – and Ruin – Our Lives. Parent comment

Re:Credit Scores Can Run – and Ruin – Our Lives by ntoskrnl on Wednesday May 25, 2022 @12:45PM (#31507024)
It seems like customers who get rejected by ChexSystems would be more likely to overdraft frequently and be profitable to the bank. Why are banks using the system to deny them accounts?
[ Parent | on HN ]
Re:Credit Scores Can Run – and Ruin – Our Lives by FireBeyond on Wednesday May 25, 2022 @03:16PM (#31509212)
I ran into this many years ago with the transaction reordering scandal, when KeyBank turned a series of transactions on a given day (that were all cleared funds, to be clear) that should never have overdrawn me, and left with me with roughly $100 in the bank, instead ended up with me being $400 overdrawn, thanks to an absolute slew of overdraft fees, that the bank (and I) refused to budge on.

My ChexSystems entry wasn't removed until there was a lawsuit against the bank.

[ Parent | on HN ]