December 18, 2013
A federal bill introduced Tuesday would prevent employers from denying job applicants based on their credit.
Senator Elizabeth Warren, a Democrat from Massachusetts, proposed the Equal Employment for All Act with six other senators. Under the bill, employers would no longer be able to require prospective employees to go through a credit check or reject them due to negative information in a credit report.
Such practices have become common among businesses. A report released this year from liberal think-tank Demos found that one in ten unemployed Americans have been denied a job due to information in their credit reports. And these checks are conducted for all kinds of positions — from entry level to senior management.