The Credit Scoring Site A bleak account 

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Rossi's newspaper corrections after creditscoring.com page

Eureka Times-Standard, Digital First Media removes errant quotation mark and adds attribution

| By Greg Fisher

Employers still do not use credit scores.

Before a correction, an item in the California newspaper the Eureka Times-Standard stated

Economist Ethan Cohen-Cole said, “…I find qualitatively large differences in the amount of credit offered to similarly qualified applicants living in black versus white areas” and 60 percent of employers use credit scores in hiring decisions. Subprime loans targeted non-whites, 58.5 percent of blacks received high-cost loans, 45.5 percent of Hispanics and 15.9 percent of whites. The economic exploitation of non-whites is built into the system, by law and by practice.”[SIC] (“Redlining,” The Review of Economics and Statistics, 2009.)

There is a telephone number for the writer, but no email address (even though one exists).




However, now, after contact by creditscoring.com, the internet version of the item states

Economist Ethan Cohen-Cole said, “… I find qualitatively large differences in the amount of credit offered to similarly qualified applicants living in black versus white areas.” Then-Equal Employment Opportunity Commission Chairwoman Jacqueline A. Berrien said in 2010 that 60 percent of employers use credit scores in hiring decisions. According to the New York Times, 2006 subprime loans in New York City targeted non-whites; 58.5 percent of blacks received high-cost loans, 45.5 percent of Hispanics and 15.9 percent of whites. The economic exploitation of non-whites is built into the system, by law and by practice.*

The asterisk refers to this correction (*Editor's note: "), at the bottom of the page

*Editor's note: The previous version of this “My Word” contained misattribution and incomplete information. The statistic “60 percent of employers use credit scores in hiring decisions” was derived from a 2010 statement by then-Equal Employment Opportunity Commission Chairwoman Jacqueline A. Berrien. Subprime mortgage statistics cited were drawn from an analysis of 2006 data disclosed by lenders under the federal Home Mortgage Disclosure Act (“Study Finds Disparities in Mortgages by Race,” newyorktimes.com, Oct. 15, 2007) and represented New York City figures only. The paragraph in question has been edited to reflect these changes.

The Eureka newspaper is part of Digital First Media, an entity whose chief person is, Steven Rossi.

Meanwhile Digital First Media's Denver Post made not one, but two corrections of the first sentence of one of its articles. The error remains in a public document maintained by congressional hopeful Morgan Carroll. It still states, "With all of the contentious issues before Colorado[SIC] legislature, it was somewhat of a surprise to see this morning that the the[SIC] biggest partisan floor fight this year was over credit scores."




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