Privacy and banking question

Date: Thu, 05/08/2008 - 07:44

Submitted by billyg35
on Thu, 05/08/2008 - 07:44

Posts: 31 Credits: [Donate]

Total Replies: 6

I have a joint checking account with my son. I ended up on chexSystem with a different bank. My son is not on that account.

They told my son verbally and in a letter they were closing our account due to me being in Chexsystem and the name of the other bank involved and the situation with with that bank..

Are they allowed to give that information out about me to a different person?

hi Billy, Yes unfortunately they can since he is also on the a

hi Billy,
Yes unfortunately they can since he is also on the account. You would be best to find a bank that does not use chexsystems. May I ask where you live?

lrhall41

Submitted by Mary Adkins Matthews on Thu, 05/08/2008 - 09:12

( Posts: 755 | Credits: )

Michigan

It was an account with Lake Michigan Credit Union
Get this I was a member since 1974 and 2 years ago opened an account with them with my son. By mistake I wrote a check on a differnat bank (Natioanl City Bank) that ended NSF
and on chexSystem. I made good on the check right away and closed that account and then they (National CityBank) reported it to chexSystem?!?!? Then I lost my ATM card last week and reported it lost to LMCU and then this all came about. They sent a letter that my 1974 account will be closed along with my sons and mine!!!

lrhall41

Submitted by billyg35 on Thu, 05/08/2008 - 09:30

( Posts: 31 | Credits: )

UNBELIEVABLE :twisted: MAKES ME SO SO SO MAD!!!!!!!!!!!!!!!!!!!

UNBELIEVABLE :twisted: MAKES ME SO SO SO MAD!!!!!!!!!!!!!!!!!!!!!!!

National City is good for that. I don't see why either but that is just how they operate. Do you know if they reported you for NSF, Account abuse , or Fraud?

Have you looked at any of the banks on my list? I would definitely file a dispute with the bank.

There are five stages to disputing:

1. Gather the facts and send the initial dispute letter.
2. If the information is not removed, send a procedural request.
3. If the procedural request does not result in removal, dispute with the original creditor.
4. Send the ITS - Intent to Sue Letter
5. File complaints with the bank regulator, the state attorney general - and consider legal remedies.

Step 4 is allowed under FACTA [Amendments to the FCRA]. You can dispute directly with the original creditor if the credit reporting agency does not resolve the situation. The original creditor must investigate and respond within 30 days.

The letter you sent in the message is considered the "procedural request". This is where Chexsystems must show how they "verified" the information with Bank of America.

NOTE: Neither the FCRA or FACTA require them to produce documents as proof. However, they must indicate how they verified.

If it has been 15 days, send the Intent to Sue letter to a Chexsystems executive [I like to send to their legal counsel] for their FCRA violation. Send a certified RRR dispute letter to a Bank of America executive, indicating they are in violation of the FCRA for verifying inaccurate information with Chexsystems.