An Act reducing barriers to employment through credit discrimination H.1434/S.1114, the Fair Chance in Employment Act (FCEA) Senator Barrett, Representative Cutler. Massachusetts has led the way in this area by being one of three states (CA, HI, MA) banning the use of credit scores in auto insurance decisions or pricing. This act will continue our…
Why We Need the Fair Chance in Housing Act (FCHA) to Keep Credit Reports Out of Housing Decisions Now
An Act Relative to the Use of Credit Reporting in Housing H.1308/S.877 , the Fair Chance in Housing Act Senator Gomez , Representatives Cruz & Garcia Restricting the use of credit reports in housing decisions will reduce barriers to housing for the low-income and people of color most impacted by the COVID crisis and help…
Credit reports and scores, tenant and employment screening reports, and other background checks all impact fundamental necessities in a consumer’s life: the ability to rent an apartment or buy a home, obtain insurance, find a job, or obtain fairly priced credit. Yet each one of these categories of “consumer reports” has serious systemic problems, and…
Assisting Consumers with Rental Debt During COVID-19: Legal Aid and Non-Profit Attorneys Share Their Experiences
NCLC survey of Legal Aid and non-profit attorneys reveals credit reporting and debt collection consequences of alleged rental debt.
Despite their numerous and intractable problems, the Supreme Court provided an enormous get-out-of-jail-free pass to credit bureaus in a recent case, TransUnion LLC v. Ramirez. The Ramirez decision significantly impacts the ability of consumers to protect themselves and their financial reputations under the Fair Credit Reporting Act (FCRA).
Doing Special Purpose Credit Programs Right: Why Programs to Assist Black Communities Should Avoid Conventional Use of Traditional Credit Scores
After racial justice protests and Black Lives Matter activism last summer, advocates and policymakers have proposed a number of programs for lessening the yawning racial disparities in Black-white homeownership and wealth. These include proposals for downpayment assistance, homeownership counseling, and special lending programs for Black borrowers. The latter are referred to as “special purpose credit…