Employers often conduct pre-employment credit checks and don’t hire people with bad credit scores. Senator Elizabeth Warren thinks this is none of their business. Cenk Uygur, Ana Kasparian (The Point), John Iadarola (Think Tank), and Jimmy Dore (The Jimmy Dore Show Podcast), hosts of the The Young Turks, break it down on tonight’s Power Panel. Tell us what you think in the comment section below.
“Warren’s bill, the Equal Employment for All Act, would make it illegal for employers (outside national security jobs) to require that job applicants disclose their credit history. Warren’s Senate bill is co-sponsored by six Senate Democrats, including Vermont’s Patrick Leahy and Ohio’s Sherrod Brown, and is based on a bill Rep. Steve Cohen, D-Tenn., introduced in 2011 in the House. “A credit score,” Warren argued, “should not be used as a way to cut people out of the job market.”
“This is one more way the game is rigged,” said Warren. Whereas rich people “don’t see their credit scores go down 150 points” when they get divorced, Warren argued that “For millions of working families, a hard, personal blow translates into a hard financial blow that will show up for years in a credit report.””*
Read more here: http://www.salon.com/2013/12/18/elizabeth_warrens_bold_new_crusade_keeping_employers_out_of_your_credit_history/
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