Stop selling credit reports to employers!
  • Petitioned Siddharth “Bobby” Mehta, CEO

This petition was delivered to:

TransUnion
Siddharth “Bobby” Mehta, CEO
TransUnion
Penny Pritzker, Chairman
TransUnion
Dave Blumberg, Public Relations Manager
Goldman Sachs & Co.
Sumit Rajpal
Goldman Sachs & Co.
Richard Friedman

Stop selling credit reports to employers!

    1. Petition by

      Latoya Horton

Years ago I went to college to study accounting, and like millions of other Americans I took out loans to pay for it. A few years later I got a temporary job in the accounting department at Bain & Co., and after 6 months of reliable work I was thrilled to be offered a full-time position.

However, just a few weeks after starting in my new position the company fired me because my debt-to-credit ratio was too high. I later learned that 60% of employers now check credit reports, which typically include student debts. How are you supposed to pay off your student debts if you can’t get (or keep) a job BECAUSE of your debts? And what do my student debts have to do with my ability to do a job well anyway?

25 states have debated bills in the last year to restrict this practice, and in a number of these states one company has fought hardest against these efforts: credit reporting company TransUnion.

What’s ironic is that Penny Pritzker, TransUnion’s Chair and part owner, sits on President Obama’s Jobs and Competitiveness Council, which advises the President on putting Americans back to work. How can someone advise on national job creation when her company sells products that may keep qualified people out of work?

Please join me and 25 national civil rights organizations in calling on TransUnion to stop its sale of credit reports to employers. As the only one of the “Big 3” credit reporting companies that’s privately held, TransUnion has the ability to stop this practice overnight.  

It was recently announced that in the coming weeks TransUnion will be sold to two private equity companies, including Goldman Sachs. If Penny Pritzker is serious about job creation, she should do what she can to ensure that her company stops this abusive practice before the company is sold.

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CAMPAIGN UPDATE: TransUnion has been sold to Goldman Sachs and a private equity partner.  Ms. Pritzker is no longer affiliated with TransUnion.  As the new owner of TransUnion, financial giant Goldman Sachs has a responsibility to end this abusive practice now.

Recent signatures

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    1. Reached 150,000 signatures

    Supporters

    Reasons for signing

    • Jenny Clark BOTHELL, WA
      • 6 months ago

      Something has gone terribly wrong in this country. The costs of education are skyrocketing which forces students to take out large student loans. The loans lower credit scores and prevent people from getting a job, buying a house or car. It almost appears as if this was some calculated plan by the 1% to destroy the middle class. Wake up America, we need to take back our country.

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    • Darlene Davis BOYNTON BEACH, FL
      • 7 months ago

      I have a relative who got caught with a foreclosure and as a result cannot find a job in his field--Bank loan manager. Its so unfair.

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    • Georgiana Lew HUNTINGTON BEACH,, CA
      • 7 months ago

      Where is our privacy!!!

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    • David Fortenberry MEADOW VISTA, CA
      • 7 months ago

      none of anybody else s business!

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    • Pam Woodall BONHAM, TX
      • 7 months ago

      Employers should not have the right to check your credit rating. that explains it, the Chair person advises Obama! He thinks he has to know everything about everyone, when most of the time it's none of his business!

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