Skip to content
GeoDataVision
Thread Options
#1839739 - 08/06/13 03:07 PM Credit offer @ DDA open: non-consumer initiated
Banker Chick Offline
Junior Member
Joined: Jul 2006
Posts: 37
TN
Question:
How are banks handling a cross-sell or firm offer of a credit product at DDA account opening that is not consumer initiated? Obvioulsly, if using a credit score at DDA open, the Bank is prohibited from using that same score to offer a credit product without being in violation of FCRA permissable purpose requirements.

So, my thinking is that a Pre-screening process is the only answer to the delima. I am just getting hung up on how other institutions are doing a proper pre-screening process at DDA account opening to offer a credit product that also complies with the FFIEC policy statement for prescreening.

Any ideas, vendors, or solutions?

Any input is appreciated.

Thanks,
_________________________
Opinions expressed are my own and do not necessarily reflect those of my employer.

Return to Top
#1850104 - 09/09/13 07:16 PM Re: Credit offer @ DDA open: non-consumer initiated Banker Chick
mh11 Offline
Member
Joined: Jan 2011
Posts: 55
bump

Return to Top
#1850108 - 09/09/13 07:17 PM Re: Credit offer @ DDA open: non-consumer initiated Banker Chick
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,926
Galveston, TX
You will have to find a vendor that offers a one-off prescreening product. They are out there, but I don't recall any specific vendor.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top