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#1141847 - 03/06/09 08:28 PM Checking Credit for ATM Card
Compliance Lover Offline
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Joined: Aug 2008
Posts: 555
Is there anything in Reg E or anywhere that says we can't pull credit on an application for an ATM Card?

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eBanking / Technology
#1141870 - 03/06/09 08:45 PM Re: Checking Credit for ATM Card Compliance Lover
Andy_Z Offline
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No. You are fine doing that. The FCRA says that you need a business reason to access a credit file. Underwriting debit cards was common years ago. I'm sure some banks still do it. With overdrafts and stand-ins, this can be reasonable.
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#1141874 - 03/06/09 08:47 PM Re: Checking Credit for ATM Card Andy_Z
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Joined: Aug 2008
Posts: 555
Ok, thanks.

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