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View Diary: Sen. Warren and 6 others introduce bill barring employers from rejecting job seekers for bad credit (224 comments)

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  •  Every employer has "an interest" in knowing... (2+ / 0-)
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    johnny wurster, cville townie

    but laws are always a question of balancing competing interests.  Most employees are not in a position that inherently creates a big risk for a large embezzlement, but some are.  I think there is a sufficient interest in checking a candidate's credit history when hiring for a high-risk position that it make sense to have exemptions that allow companies to check credit reports, but I can also see that there's a competing interest in lowering barriers for candidates whose bad credit has them caught in a vicious cycle of not getting jobs due to a bad credit report, leading to worse credit, etc.

    •  Also, they really should only know (0+ / 0-)

      if you have a major delinquent debt that you're likely to steal money to pay for, which is also the #1 (though not only) concern during a security clearance credit check.

      It's not nearly as appropriate for an ordinary employer — even where this kind of thing is concerned — to need to know how often you've been late on bills, or whether you had a bankruptcy 5 years ago.

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