May 12, 2010 — Testimony

We oppose the unfettered use of credit histories and support H.R. 3149, for the following reasons:

  • Credit checks in hiring create a fundamental “Catch-22” for job applicants.
  • The use of credit in hiring discriminates against African American and Latino job applicants.
  • Credit history does not predict job performance.
  • Credit reports suffer from unacceptable rates of inaccuracy, especially for a purpose as important as use in employment.