Dec 19, 2013 | Lead Articles, Number 3, Print Edition, Volume 46
Today, it is common for employers to look at job applicants’ credit history before making hiring decisions. Even a cursory look at a popular job listing website reveals that employers require credit checks for jobs as diverse as doing maintenance work, offering...
Dec 19, 2013 | Lead Articles, Number 3, Print Edition, Volume 46
Empirical data, qualitative analysis, and case studies document the prevalence of medical debt in America. However, the influence of medical debt on credit reports and scores has not been thoroughly examined. We do know that medical payment data are not uniformly...
Dec 19, 2013 | Lead Articles, Number 3, Print Edition, Volume 46
Our current credit-scoring systems have a disparate impact on people and communities of color. These systems are rooted in our long history of housing discrimination and the dual credit market that resulted from it. Moreover, many credit-scoring mechanisms include...
Dec 19, 2013 | Lead Articles, Number 3, Print Edition, Volume 46
The significant increase in the number of consumer transactions, along with the expansion of information technology, has created massive amounts of detailed information on an individual’s credit history. Consumer credit reporting agencies (CRAs) play an important role...
Dec 19, 2013 | Lead Articles, Number 3, Print Edition, Volume 46
This Article explores the new world of financial decision-making, which draws on a range of Internet techniques. While some practices are regulated as traditional credit reports under the Fair Credit Reporting Act (FCRA), 15 U.S.C. §§ 1681–1681x, credit bureaus and...
Dec 19, 2013 | Lead Articles, Number 3, Print Edition, Volume 46
Credit scores have become an integral component of the credit landscape. As that landscape shifts, credit-score algorithms should adapt to changes in consumer behavior that are reflected in the information that creditors share with credit-reporting agencies. In...
