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Warren: Bill Would Bar Credit Checks by Employers

Elizabeth Warren

Elizabeth Warren

BOSTON (AP) — U.S. Sen. Elizabeth Warren is introducing legislation that would ban what she calls the widespread use of personal credit history by employers looking to hire workers.

Warren said the practice unfairly targets women, minorities, seniors, students and others with fewer resources to bounce back financially after a personal setback like an illness or divorce.

Those low credit ratings can follow an individual for years.

Warren told reporters there’s little evidence of any correlation between a poor credit rating and job performance.

She called the proposal a matter of basic fairness, arguing that wealthier individuals can suffer a personal setback without it threatening their employment prospects.

Warren’s bill is co-sponsored by fellow Democratic Sens. Edward Markey of Massachusetts, Patrick Leahy of Vermont, Sherrod Brown of Ohio, Jeanne Shaheen of New Hampshire and Richard Blumenthal of Connecticut.

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  • ItsMeSpfld

    I think this bill is a great idea, with only the information known here. Being divorced, I know firsthand the beating your credit rating takes during and immediately following a divorce, when you arent wealthy. What was once a two-income household suddenly gets ripped in half, but the bills don’t magically reduce in half most of the time. I was lucky to have a job, and still do. I think its a vicious cycle – you can’t pay your bills without a job, your credit takes a hit, and you can’t get a good job with bad credit, even if you are otherwise qualified. Now, to hope there isn’t hidden language that makes it a bad bill.

  • alpinequeen

    Good! Employers have no right to know about your credit history. There’s too much information out there readily available.