FinCap Friday: Banned From Banks

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May 28, 2020
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FinCap Friday

For the EdPuzzle version of this activity, click here.

In this week's FinCap Friday we take a look at a very uncommon topic: ChexSystems. While many Americans know about the 3 credit bureaus and the credit score that is calculated using the data that they collect, most do not know about the ChexSystems agency and what type of data they collect to help banks make decisions about who to do business with. What types of data does this agency collect and what do they do with this data? Find out all about this and more in the FinCap Friday episode for this week:

If you're short on time, try our simplified FinCap Friday (No Tech) with the questions embedded right into the slide deck!

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Check out all of our FinCap Friday episodes here. They're not date-dependent so any of the 75+ in our catalog dating back to August 2018 can work throughout the coming year!

About the Author

Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her soon-to-be 7 nieces and nephews!