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Old Aug 5, 2013 | 10:04 am
  #9  
mia
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Originally Posted by 2pter
... basic free checking accounts are not available to them.
Very true:

Mistakes like a bounced check or a small overdraft have effectively blacklisted more than a million low-income Americans from the mainstream financial system for as long as seven years as a result of little-known private databases that are used by the nation’s major banks.

The problem is contributing to the growth of the roughly 10 million households in the United States that lack a banking account,
http://dealbook.nytimes.com/2013/07/...r-past-errors/
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