Lots and lots of people are unbanked because none of those banks and credit unio... | Hacker News

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		kasey_junk on Jan 31, 2024 \| parent \| context \| favorite \| on: The business of check cashing Lots and lots of people are unbanked because none of those banks and credit unions will allow them to open accounts. Largely because they all use the same data brokers to determine credit worthiness.

p1mrx on Jan 31, 2024 | [–]

You generally don't need a credit report to open a checking account, but https://en.wikipedia.org/wiki/ChexSystems seems analogous.

shitlord on Jan 31, 2024 | | [–]

Yes, ChexSystems is mentioned in the original blog post.

conductr on Jan 31, 2024 | [–]

ChexSystems is the big one afaik

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