Uh, yeah. Because of “fairness”. Who talks about “fairness” for the employers? Or the fact that the government doesn’t have a right to ban however an employer chooses to check out a prospective employee. More government control from the Faux Indian Socialist.
Via Think Progress:
Employers would be barred from requiring job applicants to share their credit history under a law proposed Tuesday by Sen. Elizabeth Warren (D-MA), who said Congress needs to step in to restore “basic fairness” for the millions of job-seekers whose financial struggles during the Great Recession have been used to justify rejecting them from jobs for which they are qualified.
“Families have not fully recovered from the 2008 financial crisis, and too many Americans are still searching for jobs,” Warren said in a release announcing the bill. “This is about basic fairness — let people compete on the merits, not on whether they already have enough money to pay all their bills.”
Poor credit ratings say more about how hard a time people who want to work have had in recent years than about a person’s character, Warren said. Medical bills and “other bad breaks” that mar a person’s credit shouldn’t doom her to permanent joblessness, but that is exactly the catch-22 situation in which millions of the long-term unemployed find themselves today. Congress has already failed those people in the recent budget compromise that allows long-term jobless benefits to expire just after Christmas, but barring credit checks in the hiring process could make their path back out of poverty more walkable.

