Your Black News reports:
Have you ever been denied a job because of your credit score?
Well, Civil Rights groups and labor unions are fighting on your behalf.
TransUnion, a credit report and score company, has a practice of selling credit scores to employers, and in a letter released Tuesday, more than 25 civil rights organizations demanded that they stop.
Because of the economic disparities between African-American and Latino groups and their white counterparts, the civil rights organizations argue that they are being unfairly targeted in the hiring process because of their credit scores.
A razor-sharp argument presented In the letter, states: “When Americans need more jobs than ever, a poor credit history due to a layoff, divorce or medical history can keep a qualified applicant unemployed.”
According to a survey by the Society for Human Resource Management, sixty percent of employers were reported to use credit scores in their hiring in 2010.
1 comment:
Great move and a very necessary one. It should've happened before now, but as the saying goes, better late than never.
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