U.S. News blog errors and corrections

From: Greg Fisher [mailto:greg@pagea2.com]
Sent: Tuesday, July 17, 2012 10:29 AM
To: Kimblery Palmer, reporter, U.S. News & World Report
Cc: Mortimer B. Zuckerman, chairman, Executive Committee, editor-in-chief, U.S. News & World Report (via Liz Putze)
Subject: credit score, employers, CFPB, U.S. News

You wrote, “In a speech in Detroit Monday, Consumer Financial Protection Bureau director Richard Cordray pointed out the importance of access to credit: The ability to take out loans makes it possible to get a college degree, buy a home, use a credit card, or buy a car, he said, adding that employers also increasing[SIC] use scores to determine whether an applicant is eligible for a job.”

Previously, you quoted TransUnion as saying, “As part of a hiring process, some employers may utilize information such as an employment report, but those reports do not include a credit score.”

What are the exact words in the CFPB director’s speech that indicate that employers use credit scores?

Greg Fisher
Page A2
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Dayton, Ohio  45409-0342