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January 18, 2007
Credit Checks and Civil Rights
Posted by Fred Tung
CSM has an interesting piece on credit checks as a civil rights issue. Apparently, more and more employers perform credit checks as part of their diligence in hiring. However, some studies show that average credit scores for blacks and Hispanics are worse than for whites, while there is apparently a lack of data supporting a relation between bad credit and poor employee performance. The story describes a suit against Harvard University by a job applicant whose bad credit history prevented her hire.
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