Consumers who mismanage their finances and consequently lose their bank accounts are getting a lot of attention from regulators these days. The government's message to the industry is: Give these folks a second chance.

In response, some banks have loosened their account-screening practices. While these banks are generally still weeding out known fraudsters, they are taking a more lenient approach when it comes to customers whose blemished records appear to reflect mistakes rather than intentional misbehavior.

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