Is bad credit an accurate predictor of employee trustworthiness or reliability?  Or is it discriminatory?  We first discussed this in 2011, before the great debates began. 

See link:


The New York Times today has a great article, "The Long Shadow of Bad Credit," that nicely illustrates the on-going debate about credit checks and trustworthiness, and the proliferation of anti-credit checking laws.  It uses interviews with employees, employers and credit reporting bureau spokespeople, as well as studies on whether there is a statistical correlation between bad credit and job performance or propensity for committing fraud, to highlight the arguments for and against such laws. 

And whether the use of credit checks is a way to discriminate illegally "[i]f you have five people and can’t make up your mind."


The NYT link: