>On the other hand, if we empirically observe that Mr. Cooper can't find a job, why does the theory above fail to hold in the real world? I think what you're s

>On the other hand, if we empirically observe that Mr. Cooper can't find a job, why does the theory above fail to hold in the real world? I think what you're seeing is the effect of credit monitoring agencies marketing departments. Sure over the long term those companies that discriminate based on credit may lose out, but in the short term HR managers are going on the word of Equifax/Transunion/Experian that checking new hire's credit history is beneficial. The history of business is full of stupid trends that aren't supported by the evidence.