Braden Perry Highlighted In U.S. News Article On Being Denied a Bank Account

Braden Perry Highlighted In U.S. News Article On Being Denied a Bank Account

In a article posted today on U.S. News, Braden Perry discusses why you could potentially be denied a bank account due to your previous banking history.  It’s no different from applying for a credit card or a loan, the bank will either run a credit check or review your ChexSystems report.  ChexSystems is essentially equal to a credit bureau, that can track past issues with checking accounts-such as fraud or misuse. However, the bank is obligated to tell you why you were denied an account.

“If you feel the reason cited is an error, Perry says, you can file disputes with both the checking account reporting company and with the financial institution that originally provided the inaccurate information. “But many times, the decision has been made and you must find another banking relationship,” he says.” To find out more, and how to avoid this problem in the future follow this link:

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Kennyhertz Perry integrates broad regulatory expertise, including compliance and enforcement, with the transactional practices to which that expertise is critical. We are called upon by businesses who need help navigating current and future regulatory challenges stemming from the global financial crisis. To assist our clients in understanding the issues that will affect their industries, entities and transactions, we understand the impact of regulations and requirements of both The Dodd-Frank Wall Street Reform and Consumer Protection Act and a wide variety of U.S. and foreign regulatory reforms targeting investment business and market structures, alternative investment fund managers, private equity and others, central clearing and exchange-trading of derivatives, market abuse and insider dealing, capital regimes, and commodity derivatives.

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