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.
Book a Meeting with the Author
Related content
Honor All Cards: The U.S. Credit Card Model Takes a Hit
The Honor All Cards principle—that any merchant with a Visa and/or Mastercard sticker in the window accepts all card products on those networks—could be undermined by a recent sett...
2026 Credit Payments Trends
The U.S. credit card market is healthy and strong, but performances among banks diverge along size lines. Large issuers have been able to better curate their customers through acqu...
Young Borrowers: Riskier Than Ever...and the Future of Credit Cards
The future of credit cards rests with younger consumers, in the 18-to-29 age range, and not with their parents and grandparents. Here’s the rub, though: These consumers are a much ...
Make informed decisions in a digital financial world