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EWS vs ChexSystems


MP80
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6 hours ago, MP80 said:

To clarify, you mean "report here" that all these banks and credit unions report checking and saving accounts to the EWS, correct?

Yes those are the ones reporting accounts on my ews report. You look at the EWS report and man it is all they need to steel your ID. Name, Address, DOB, SSN, Drivers license, routing numbers, bank numbers. you would be screwed if all your money sat in an ews client bank.

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10 hours ago, EvilMan said:

Yes those are the ones reporting accounts on my ews report. You look at the EWS report and man it is all they need to steel your ID. Name, Address, DOB, SSN, Drivers license, routing numbers, bank numbers. you would be screwed if all your money sat in an ews client bank.

You mentioned that they might steal your ID and perhaps other important private information.

 

Who are they that you're referring to? Are you suggesting people that got access to your EWS personal file?

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On 7/1/2022 at 7:55 PM, MP80 said:

You mentioned that they might steal your ID and perhaps other important private information.

 

Who are they that you're referring to? Are you suggesting people that got access to your EWS personal file?

 

In general. I am saying it contains way more info then say what experian has. yes your Major CRA has account numbers, DOB, SSN, Address Name. But in comparison EWS has way more information. It is a treasure trove for those that want to practice ID theft and steal money then what they would get from finding an experian report lay around. 

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Posted (edited)

There are some troubling fact regards to this slime ball company. 

 

EWS was created by BofA, Chase, Capital One, Truist, US bank, PNC, and Wells Fargo. 

 

In 16 years of service, there are 2,500 companies that rely on them. 445 lawsuits claim overall against them, 65 are FCRA violations, over a million CFPB complaints, 39,000 just in January 2022 in one month, 332 BBB complaints, and fit for 1 star.

 

In march 2020, EWS agree to pay nearly 4 million dollars for a violation of FCRA

 

Bottomline, EWS doesn't play clean!!!

Edited by MP80
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19 hours ago, MP80 said:

Bottomline, EWS doesn't play clean!!!

In fact, misinformation about consumers' EWS profiles can be damaging. A consumer was denied a checking account by a financial institution, and the bank provided her with the reasons cited by the EWS as the primary source of the denial.


The person realized she had a fraud alert in her consumer profile, and EWS sold her false fraud alert reporting profile to the bank, which she somehow got. When she mentioned her EWS Fraud Alert status to EWS, they told her she had no Fraud Alerts on file. So this became a lawsuit that EWS lost, and the person was awarded damages given that EWS violated the FCRA by making a false report.

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