BILL THAT BANS EMPLOYERS FROM ASKING FOR CREDIT REPORTS (H 2372)


By Bob Katzen 

A bill on the floor prohibits employers from obtaining the credit reports of potential employees except in certain circumstances including hiring for a position that requires national security clearance; a position for which a person is required by federal or state law to obtain a consumer report; and some executive or managerial positions at a financial institution.

   Supporters say there is no correlation between job performance and a credit score. They argue many people have bad credit because of a medical bankruptcy or an unexpected layoff.

  Opponents say credit reports provide unbiased information about a person’s past behavior. They argue that poor credit sometimes means a lack of responsibility.

One thought on “BILL THAT BANS EMPLOYERS FROM ASKING FOR CREDIT REPORTS (H 2372)”

  1. How about employers being forced to furnish thier financials and credit history to employees prior to being hired? This way we will know if we are boarding a sinking ship and drowning our careers.
    Employers want to protect themselves and workers want to protect themselves.
    Two way street.

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