Bill would end hiring discrimination based on credit reports and ensure candidates are judged on their merits
WASHINGTON – Congressman Steve Cohen (TN-9) and Senator Elizabeth Warren of Massachusetts are bringing back the Equal Employment for All Act to protect job seekers from unfair discrimination based on their credit ratings. The bill would ensure that job applicants are not forced to disclose their credit history as part of an employer's application process.
The proposal prohibits employers from requesting an applicant’s credit history, obtaining a consumer or investigative report, and disqualifying applicants based on a poor credit rating. It also prohibits credit reporting agencies from providing credit reports to employers for use in employment decisions.
“Using a job applicant’s credit history to deny employment is not just unfair, it also makes no sense. Credit scores are an inaccurate way to predict future job performance or ability. Using credit scores also disproportionately affects women, minority populations and anyone already struggling financially. We should be making the job application process fairer so people can succeed with good jobs, not adding obstacles to prevent them from being hired,” said Congressman Cohen.
“Nobody should be discriminated against and miss out on a job opportunity because of their financial history,” said Senator Warren. “While the Trump administration tanks the labor market, our bill prohibits employers from using credit scores...
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