Wednesday, October 12, 2011

Civil Rights Groups Fight To End Credit Reporting In Hiring Process


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:

Anonymous said...

Great move and a very necessary one. It should've happened before now, but as the saying goes, better late than never.