Trans Union Corp.'s bid to form a credit reporting agency with a group of top banks in Mexico has stalled, a company executive said last week.

Oscar Marquis, Trans Union's senior vice president and general counsel, said the Chicago-based credit bureau broke off negotiations with the Association of Mexican Banks because of the service limitations the banks wish to place on potential customers. The association represents the country's three largest banks, known as Banamex, Bancomer, and Serafin.

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