Archive for April, 2010
Good Morning America says credit score key to job
Meanwhile, the consumer reporting agencies all state that they do not provide credit scores for employment.
TransUnion to get new majority owner
An agreement states that Madison Dearborn Partners will acquire 51% interest in TransUnion. At least they’re not British. TransUnion press release: http://newsroom.transunion.com/easyir/customrel.do?easyirid=DC2167C025A9EA04&version=live&prid=613958&releasejsp=custom_144
Enough to be Dangerous: U.S. Bank and PrivacyGuard
To: Steve Dale, senior vice president, Media Relations, U.S. Bank From: Greg Fisher Date: April 29, 2010 Subject: Fake-O FICO Funk, U.S. Bank You state, “Get your credit report and FICO score online now, plus have your report monitored for signs of identity theft.” However, the credit score that I received by using your link [...]
Credit dude on hiring and credit scores, Des Moines Register
To: Matt From: Greg Fisher, creditscoring.com Date: April 29, 2010 Subject: credit score, employers, Des Moines Register You said: “Know your credit score. Many employers today take your credit score into consideration when determining if you are the right person for the job.” However, the consumer reporting agencies do not provide credit scores for employment screening. [...]
Request for Federal Reserve’s evidence regarding employers using credit scores
From: Greg Fisher To: Sandra F. Braunstein, Federal Reserve Subject: credit score, employers, Federal Reserve, 2010-03-24 cc: Michelle A. Smith, Federal Reserve; ConsumerHelp@FederalReserve.gov; Pierce Nelson, Sibyl Slade, Jean Tate, Federal Reserve, Atlanta; Federal Trade Commission Office of Public Affairs; Gerri Willis, CNN; realstories@cnnmoney.com; letters@smartmoney.com; Aleksandra Todorova, Stephanie Auwerter, SmartMoney; Elizabeth Warren; freshair@whyy.org; talkback@whyy.org; frontline@pbs.org; Gosia [...]
mint.com and Experian – strange bedfellows
See if you can follow this. The players The Consumerist, a former property of notorious Gawker Media, is now owned by Consumers Union, publisher of Consumer Reports. The move is nearly inexplicable, but, apparently, CU thinks that that is how to get young and hip. But there is a firewall. A new entity, Consumer Media LLC, [...]
Legislation uses FICO, not Fake-O, score as benchmark
H. R. 600, the FHA Seller-Financed Downpayment Reform Act of 2009, introduced by “Mr. AL GREEN of Texas (for himself, Ms. WATERS, and Mr. GARY G. MILLER of California)” uses the term “FICO score” 5 times. It is a bill “To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of [...]