Federal Reserve and Credit Karma statistics
On August 6, the Federal Reserve said, “Revolving credit decreased at an annual rate of 9-1/2 percent, and nonrevolving credit was about unchanged.” On August 11, Credit Karma reported, “Nationally, credit card debt amongst consumers with a credit card decreased by one percent since June 2010. However, credit card debt is up nearly 14 percent [...]
AJC blogger counters her U.S. Senator
Speech-making, writing, blogging, stating and yakking adds up to much mush Last week, the U.S. Senate passed its financial reform bill with an amendment regarding credit score use in employment. Senator Udall from Colorado sold the idea by saying that employers use credit scores. The problem with that is that the consumer reporting agencies say that they [...]
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 [...]
employers and credit scores, Kirwan Institute
From: Greg Fisher Sent: Monday, March 29, 2010 1:41 PM To: Jessica Leveen Farr Subject: credit score, employers, Kirwan Institute Recently, you wrote, “Landlords may evaluate an individual’s credit prior to renting a home and some employers access credit scores for all new hires.” Your footnote cites the document, “The Impacts of Foreclosures on Families [...]
Employer hiring decisions, credit scores, and the Federal Reserve III
See the previous email to the Federal Reserve. To: Partners in Economic and Community Dvelopment, Federal Reserve Bank of Atlanta; Sibyl Slade, regional community development manager, Federal Reserve Bank of Atlanta From: “creditscoring.com” <greg@creditscoring.com> Subject: Re: credit score, employers III Cc: D. Pierce Nelson, public information officer, Public Affairs Department, Federal Reserve Bank of Atlanta; [...]
Employer hiring decisions, credit scores, and the Federal Reserve
The Federal Reserve Bank of Atlanta periodical publication “Partners in Community and Economic Development” (Vol. 18, No. 2, 2008) contains an article titled “New FICO Model Changes Approaches to Consumer Credit.” Here is the initial email to the U.S. central bank: To: Partners in Economic and Community Dvelopment, Federal Reserve Bank of Atlanta; Sibyl [...]