Bill to Prohibit Running Credit Checks on Job Candidates
U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, introduced legislation on Tuesday that would prohibit employers from requiring job applicants to disclose their credit history.
In a conference call with reporters, Warren argued that a person’s poor credit history is often the result of medical bills, job loss or divorce and does not reflect his ability to perform a job.
A credit reports includes information on the bank accounts and credit card accounts opened by a person and whether those accounts are paid up. It indicates liens, bankruptcy filings and court judgments. A 2012 report by the Society for Human Resource Management found that around half (47 percent) of companies conduct credit checks on some or all prospective employees.
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