N.Y. wants details on databases banks use to disqualify customers

New York Attorney General Eric Schneiderman sent letters to six banks on Thursday, sources say, requesting information about their use of credit-reporting databases to determine who qualifies for checking and savings accounts. Consumer advocates say the databases, which list transgressions such as bounced checks and overdrafts, disproportionately affect lower-income Americans. Banks say they use the information prudently, discerning between minor incidents and true cases of fraud.

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