Overview
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.
Learn More About This Report & Javelin
Related content
Co-Branded Credit Cards 2024: Top Issuer Market Review
Co-branded credit cards, a significant segment of the U.S. consumer credit market, are poised for further growth. These products are not just popular but also essential, attracting...
Disbanded Co-Brands: When Credit Card Joint Ventures Fail
The robust credit card co-brand market represents more than 300 million U.S. cards. However, the relationship requires partnership and cooperation between all parties, and successf...
Credit Card Issuance by Small Issuers: Strategies, Risks, and Options
Community banks, credit unions, and banks of all sizes face an imperative of having a presence in payment cards. With almost 600 million credit cards in the United States and 230 m...
Make informed decisions in a digital financial world