President Clinton issues privacy proposal affecting ChexSystems.
- The proposal would require customer consent before financial
institutions shared data on spending habits or medical history.
A sister company to ChexSystems is the DebitBureau and this proposal
is aimed squarely at them and their ilk.
Both the DebitBureau and ChexSystems are part of eFunds, which is a
Deluxe subsidiary. More info about DebitBureau at
Here is the article:
Clinton is also asking for a study to determine how data from
bankruptcy records impact consumer privacy. We hope that study also
takes a look at how ChexSystems data is being abused in much the same
way. One other related issue we wish would be looked at is how
ChexSystems shares information about blank check orders, without
customer's authorization or knowledge.
- ChexSystems Bites!