Two Quickies on Credit

The spread of the credit check as civil rights issue,” in the Christian Science Monitor:

Bailey, with her lawyer, has lodged a complaint against Harvard charging racial discrimination. The reason: Studies show that minorities are more likely to have bad credit, but credit problems have not been shown to negatively affect job performance.

and “Insurers Don’t Always Tell you of bad Credit,” in the Seattle Post-Intelligencer:

During an hour of argument, several justices seemed taken aback at the magnitude of a federal appeals court ruling. Under that ruling, Geico Corp. and Safeco Insurance Co. would have to notify nearly all their customers that they aren’t getting the best rates because their credit scores aren’t the highest.

“Oh, sorry, we can’t obey the law…it would be expensive!”

CSM story via Pogo Was Right.