The Credit Bureaus spend tons of money to lobby like crazy. Through the multi millions they spend and the people they know in key prominent positions, much of this information ends up by the wayside instead of on the front line where it should be.
Take for example the connection the bureaus have with an individual by the name of Penny Pritzker who is the chairman of the board of Trans Union, one of the big 3 credit bureaus in the US. She also just happens to be one of the economic advisers to the President.
In a Chicago Tribune article it was reported that Trans Union was battling attempts at efforts for preventing employers from looking at credit reports for individuals looking to find employment. The article also stated that some believe these lobbying efforts undermined the nations goals of getting back to work more than 15 million unemployed people in the US.
The above information was provided by Credit 360 Consulting. For helpful information and how to improve your credit, click on Credit 360 Consulting.