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Capital One to Limit Use of Customer-Screening Databases

Capital One Financial Corp., with more than 250 branches in New York, agreed to limit its use of customer-screening databases that barred many low-income consumers from getting bank accounts, state officials said.

Capital One will no longer use ChexSystems, a computer program that screens applicants seeking to open checking or savings accounts, to decide whether consumers pose credit risks, New York Attorney General Eric Schneiderman said today in a statement.