October 1, 2014 — Issue Brief

What is a bank account screening consumer reporting agency (CRA)? It is a database that contains information about a consumer’s history dealing with bank accounts. Bank account screening CRAs mostly include information on negative events, such as having an account closed due to too many overdrafts or nonsufficient funds (NSF) transactions, or, in rare cases, fraud. These databases might also include personal identifying information, driver’s license numbers, history of check orders, and checks to retailers that were returned for insufficient funds.