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Big Banks Join Efforts to Ease Path to Credit Cards

KXLY May 13, 2021 2:06 PM Sara Rathner Posted: Updated: Getty Images Some large banks in the U.S. — including JPMorgan Chase and U.S. Bank — are participating in a government-supported pilot program to help expand access to credit cards for consumers who lack a credit history. Participating lenders can share bank deposit information with the credit bureaus, making it easier for issuers to be able to consider customers’ deposit data (and, therefore, cash flow) when weighing appli...
United States Trish Wexler Sara Rathner Trans Union Office Of The Comptroller Us Bank
Source: kxly.com

Big Banks Join Efforts to Ease Path to Credit Cards

WKBT May 13, 2021 4:06 PM Sara Rathner Posted: Updated: Getty Images Some large banks in the U.S. — including JPMorgan Chase and U.S. Bank — are participating in a government-supported pilot program to help expand access to credit cards for consumers who lack a credit history. Participating lenders can share bank deposit information with the credit bureaus, making it easier for issuers to be able to consider customers’ deposit data (and, therefore, cash flow) when weighing appli...
United States Trish Wexler Sara Rathner Trans Union Office Of The Comptroller Us Bank

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