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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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  •  What's the definition of "private lives", though? (0+ / 0-)

    Credit record boils down to one's ability to pay loans, be those explicit loans for cars, mortgages, etc, or implicit loans as in credit card usage.  Such a transaction isn't "private" in that it only involves you and the other party.  You're brining a third party into the situation, the loaner.  And it becomes a matter of record.  And you know that going in; you know that any transaction made with "credit" or "loan" is going to be recorded by a credit bureau, which are private entities (not government), but entities that you know share that info with others.

    IF one wants a totally "private life", regarding all transactions, then one must pay with cash.  End of story.

    And you use the word "corporate", but I assume that this bill isn't just about "corporations" but all employers, from multi-national corporations to 3-person shops.  Those 3-person shops don't "have all the cash and controls opportunity" they are just small businesses trying to make responsible employee hires.  Now that I think of it, a huge multi-national corporation can survive a bad hiring (that might have been detected by a credit check) much more easily than a small concern could.  That's one example of why I think it's wrong to make laws out of vindictiveness against corporations.  I don't think that's Warren's motive.  But it appears to be the motive of many here, according to comments.

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