Colorado, Morgan and the credit score zombie myth

The news media seem to repeat anything politicians tell them, including what one expert calls “The Myth of the Decade.”

That was the last decade, by the way.

The credit-scores-are-used-by-employers zombie myth’s life undead existence was reanimated again recently thanks to CBS’s Channel 4 in Denver, the Associated Press, the Denver Post– and the Post and the AP acting together.  The inaccurate information is even back on Wikipedia.

At the Colorado statehouse, the misinformation pushes Senate Bill 3 toward the brink. State senator Morgan Carrol’s bill states, “In spite of these systemic flaws, the nonpartisan public policy research and advocacy organization Demos concluded in its 2011 report ‘Discrediting America‘ that consumer credit scores and credit reports are being used more often and in more contexts than ever before, including by employers, utility companies, and insurers.”

Join the side of the truth, or the zombie myth may never end, Morgan.  Morgan.  Three years.  Three years.