The FCRA applies to the ability to access a credit report and notice when a product or service is denied. If you have a legitimate business reason, such as a customer wanting to open a deposit account, you can access a consumer report.
I don't know where your cite is from, but 615(a) says that adverse action resulting from a consumer report requires notice.
So, denying an account because of a consumer report when you attempted to verify an ID would, in my opinion, qualify as a disclosable fact. This puts the consumer on notice so that if information is incorrect, they may investigate and have it corrected.
First published on BankersOnline.com 1/5/04
We can help you save for every stage of your life – Student Savings, Regular Savings and Retirement Savings.
For more than fifty years, Commonwealth Bank has been meeting the financial needs of Bahamians. We are committed to providing superior customer service and quality banking products. With over $1.4 billion in assets, you have the security of knowing your deposits are in a strong financial institution.
A checking account is a deposit account designed to handle your everyday transactions. It lets you deposit and withdraw money on-demand, usually without any penalty or fee. You can also send easily send and receive money online through electronic funds transfer, or write a physical check as payment from your checking account. You can also create a my Social Security account and start or change Direct Deposit online. In extremely rare circumstances, Treasury may grant exceptions to the electronic payment mandate. For more information or to request a waiver, call Treasury at 855-290-1545. Deposit account definition: 1. A bank account that pays you interest, in which you usually leave money for a long time 2. An account established for one person by an agent, nominee, guardian, custodian, or conservator, including Uniform Transfers to Minors Act accounts, escrow accounts and brokered deposit accounts An account held in the name of a business that is a sole proprietorship (for example, a 'Doing Business As' or DBA account).
We offer a full range of savings accounts, one of which is sure to suit the way you want to manage your money.
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Commonwealth Bank offers a comprehensive range of products to meet the financial services needs of your business. You’ll find the basics, like chequing and savings accounts, as well as complementary products including merchant services, online banking and more.
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Parents, grandparents, aunts, uncles or guardians, Commonwealth Bank would be delighted to open your child’s first savings account! This is the perfect savings account for the younger customer. Our Student Savings Account is designed for children under the age of 18 to help them develop the habit of saving money while gaining a responsible attitude about the use of money.
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The CB KIDZ SAVINGS ACCOUNT is a perfect savings account for our younger customers. Designed for children under the age of 18, this account will help your child develop the habit of saving money while gaining a responsible attitude toward the use of money.
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Saving a little each month adds up fast and makes the holiday shopping season less stressful and much more enjoyable. A Christmas Club Savings is a perfect way to budget for the holidays. Make Christmas gift shopping a real joy. Have a worry-free holiday and peace of mind with savings for the holiday throughout the year.