Checking account screening topic of CFPB forum

September 16, 2014

WASHINGTON (9/17/14)--Checking account screening policies and practices will be the subject of a Consumer Financial Protection Bureau (CFPB) forum Oct. 8. Checking account screening is often used by financial institutions to look into a consumer's checking history before opening a new account.

According to the bureau, the event will be "a discussion on how checking account screening policies and practices impact consumers. The event will inform the dialogue around how the screening system works and how to improve the availability of information and products for consumers."

There will also be discussions about current checking account screening practices, the effect these practices have on consumers' ability to acquire and use checking account products and the availability of such products and services that meet their needs.

CFPB Director Richard Cordray will speak, and there will be presentations from consumer groups, federal and local elected officials and industry representatives.

The event will take place Oct. 8, from 8:30 a.m. to 2 p.m. (ET) at the Kellogg Conference Center at Gallaudet University. Registration is required and must be received by Oct. 2.

Use the resource link below to register.

CFPB forum on access to checking accounts