Final answer:
Verifications do not allow users to run credit reports on all relationships created during the onboarding process. They focus on identity verification and background checks, while credit reports are obtained through a separate process.
Step-by-step explanation:
The statement is false. Verifications do not allow users to run credit reports on all relationships created during the onboarding process. Verifications are used to confirm the accuracy of information provided by users during the onboarding process, but they typically focus on identity verification and background checks, rather than running credit reports. Credit reports are more commonly obtained by lenders, financial institutions, or employers as part of a separate process.
Overall, the purpose of verifications is to establish trust and authenticity of the individuals involved in a relationship, rather than assessing their creditworthiness.