FCRA 604 provides, as a permissible purpose, recepit of a credit report if the consumer has initiated a business transaction, and that transaction has a legitimate associated need to evaluate a consumer's credit history. Checking accounts can result in potential loss to their business, and thus are routinely accepted as having a legitimate busniess purpose.
A person who has permissible purpose under any section of FCRA 604 need not advise the consumer that they may pull your credit report, and it does not need any pre-authorixation by the consumer. The entire purpose of sectin 604 is to promote the easy evaluation of business or credit transactions without having to first obtain specific authorization from the consumer. It's listing a a permissible purpose gives rise to their authorization.
