4 Reasons to Restrict Credit Checks in Employment

Credit Checks in Hiring are a Catch-22 For American Workers Credit Checks Discriminate Against People of Color Credit Checks Don’t Predict Job Performance Credit Reports are Inaccurate

 

Orlando Sentinel: Credit checks on jobless keep jobless unemployed

1/20/2010

A recent article in the Orlando Sentinel outlines the way in which "those whose credit scores fell after losing jobs now find scores hurt hiring odds."

Read the full article here.

 

Congressmen Steve Cohen and Luis Gutierrez introduce Equal Employment for All Act

1/18/2010

Last summer Congressmen Steve Cohen (D-TN) and Luis Gutierrez (D-IL) introduced HR 3149, the Equal Employment for All Act, which aims to restrict the use of credit checks in employment. Congressman Cohen is the author of the bill, and Congressman Gutierrez, who chairs the Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit, is its lead co-sponsor.

HR 3149 has 50 co-sponsors in the House and is endorsed by over 25 organizations, including the NAACP, the Leadership Conference on Civil Rights and the AFL-CIO.

According to Congressman Cohen, the bill would "prohibit the use of credit checks in the hiring process and give some of our most vulnerable, 'credit challenged' citizens - students, recent college graduates, low-income families, senior citizens, and minorities - the opportunity to begin rebuilding their credit history by obtaining a job."

Read about the bill here.

 

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