credit reporting

The credit reporting industry has a profound and growing impact on Americans' economic lives—from whether you can rent an apartment to how much your car loan costs to whether you get hired for a job—yet the entire system falls dangerously short on basic goals of fairness and accuracy. That was the...
03/03/2014
Blog
We are in the midst of National Protect Your Identity Week, and credit reporting giant Experian is kicking off the festivities with some ID theft prevention tips, such as signing up for Experian’s own credit monitoring service at a cost of $14.95 a month. Never mind that the Consumer Financial...
10/21/2013
Blog
The steps of New York’s City Hall were crowded this morning. New Yorkers shut out of a job by employment credit checks spoke out and told their stories, expressing hope that New York City would build on its recent success banning discrimination against the unemployed in hiring to also put an...
04/11/2013
Blog
As if the use of your personal credit information for hiring wasn’t sufficiently invasive and the collection and sale of employment data in the form of The Work Number wasn’t insidious enough, today’s New York Times has news of another secretive, unverified and...
04/03/2013
Blog
Employment credit checks illegitimately obstruct access to employment, keeping qualified workers out of jobs they need. It’s an argument Demos has been making for a few years, but the new study we released this week provides additional data to back it up. Drawing on the findings of our...
03/07/2013
Blog
On Wednesday, the New York City Council passed a law banning discrimination against the unemployed by a huge, and veto-proof, margin -- 44 to 4. It's no surprise that the vote was so lopsided. The fact that employers legally can -- and routinely do -- discriminate against unemployed job applicants...
02/15/2013
Blog
“I’m trying to think of another industry where a 20 percent error rate would be acceptable.” says 60 Minutes correspondent Steve Kroft, in a new exposé of the credit reporting industry. “That’s a pretty high error rate.” To say the least. Kroft was...
02/13/2013
Blog
"I served in the military for 30 years and received the highest level security clearances," said Brooklyn resident and war veteran Emmett Pinkston.  "Yet I was turned down for a job as a TSA baggage screener, because of a bogus charge on my credit report.  I found myself stuck at a low...
02/08/2013
Blog
Just when we imagined that credit reporting firms couldn’t be more invasive and profiteering, NBC News breaks this story:  The Equifax credit reporting agency, with the aid of thousands of human resource departments around the country, has assembled what may be the most powerful and...
01/31/2013
Blog
“My client only wants to look at employed candidates,”  said one recruiter. “The company. . . will not interview any professional not presently working,” said another. “Candidate MUST be currently employed . . .  "employed or only recently unemployed. . ." "...
01/23/2013
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