Sort of thinking out loud here:
I was just denied membership in a credit union based primarily, I’m pretty certain, on my Chexsystems report.
There is no more intrusive entity than Chexsystems when it comes to accumulating data on one’s personal banking history and transactions. Obviously today this data is held at Chexsystems and is not shared with the government. However:
Given my personal banking transactions were sufficient to trigger concern to where I could not join a credit union, I wonder how that same banking record would be viewed by the government.
Would Biden’s enhanced scrutiny of bank transactions, if implemented, provide the government personal banking information similar to what Chexsystems has today? I don’t think that would be a good thing . . . . . at least not for me.