By Charles D. Ellison
When New York State Attorney General Eric T. Schneiderman announced that his office had cut a deal with the three big credit bureaus—Experian, Equifax and TransUnion—to improve the customer experience, the news shook the financial-services world into a frenzy.
“In today’s world, the consumer’s input is less important than the bank or collector’s input,” John Ulzheimer, an expert at CreditSesame, told the New York Times. “The attorney general’s settlement changes that.”
But for people of color, this is nothing to text home about. The untold, untouched and unaddressed silent crisis widely ignored by policymakers is how credit checks are used to discriminate against job seekers.