Elizabeth Warren: Stop Employers From Conducting Credit Checks

[brycejones]

This is why it's needed. You can't just hire anyone for certain positions with very sensitive information and it's necessary to protect the company.

Please provide evidence that shows people with poor credit pose a bigger risk in certain positions. If you can't then you're just voicing an opinion.

 

[dmcowen674]

Elizabeth Warren has proposed a new bill that wouldn't allow employers to reject applicants based on their credit scores. It also wouldn't require applicants to go through credit checks.

The government has no right to get involved with this.

Credit checks many times are necessary to ensure the proper applicants are chosen.

These are private businesses and if they want stricter hiring measures then they should be able to have them.

Do you support this bill? Does the government have the right to get involved with the hiring process?

Bullshit.

Certain jobs such as working with money but employers went overboard and rejecting anyone not rich and never had something happen to them in their life.

The Government absolutely needs to step in to stop this abuse by the businesses.

 

[dmcowen674]

The government has no right to get involved with this though. These are private businesses and they want to make sure they get suitable candidates.

You don't like it, go to a Country more suited for you like North Korea.

 

[hal2kilo]

Both quite good ideas. We seem to love to permanently punish people for their mistakes in this country ... unless they're bankers or rich kids who drive drunk.

Oooh, addendum to this idea, all members of Wallstreet who practiced risky business and screwed over this country's financial system will have it reflected in their credit report.

I'm old enough that "That's going to go on your permanent record" was the thing ghey used to threaten you with in school. I really never knew if there really was a permanent record or not.

Hell, some of the escapades i pulled sneeking out to meet my gf, I could have been listed as a sexual predetor using the criteria today. It just seems there are so many ways to get in trouble and then keep in some permanent data base.

How is it possible to be truly reformed with our insane justice system.

 

[Londo_Jowo]

Would that show up on a Credit Report?

Yes, even though it's a company credit card it's under the employee's name.

 

[BUnit1701]

Bullshit.

Certain jobs such as working with money but employers went overboard and rejecting anyone not rich and never had something happen to them in their life.

The Government absolutely needs to step in to stop this abuse by the businesses.

Care to cite that? Otherwise your the one spewing bullshit.

 

[5150Joker]

Elizabeth Warren has proposed a new bill that wouldn't allow employers to reject applicants based on their credit scores. It also wouldn't require applicants to go through credit checks.

The government has no right to get involved with this. Credit checks many times are necessary to ensure the proper applicants are chosen. These are private businesses and if they want stricter hiring measures then they should be able to have them.

Do you support this bill? Does the government have the right to get involved with the hiring process?

http://money.cnn.com/2013/12/17/pf/employer-credit-checks/

I support the bill completely. Doing credit checks for employment just supports the credit cartel even more and curtails people's means of getting out of debt by being able to secure a living. Screw credit checks. If anything, a criminal background check + employment history is more than enough.

 

[Fern]

Is this even a real problem?

How many employers have a policy of checking all applicants credit reports? I've never even heard of this.

Fern

 

[MagnusTheBrewer]

Here's another good one. Why would the government require polygraph testing for some Chef positions? I worked at Raytheon and had access to final assembly and testing for cruise missiles and only needed a security clearance.

 

[zinfamous]

Stop trolling/derailing you scumbag. Private businesses have the right to do this.

Not if it's a form of discrimination. The more "right to discriminate" you see taken away form employers, the more methods they will invent to continue the practice.

A credit check tells you nothing. A criminal background check would suffice.

 

[dmcowen674]

Is this even a real problem?

How many employers have a policy of checking all applicants credit reports? I've never even heard of this.

Fern

Have you applied for a job within the last three years?

Just about every employer makes you sign a form that they will be doing a credit check now.

 

[boomerang]

A criminal background check would suffice.

Any employer who does that is taking a huge risk. It's already been brought up here.

Fauxcahontas is proposing this for one reason. It plays well with the left. This is yet another example of the left tearing the fabric that holds society together - and for all the "right" reasons. They want a society where no one is judged. Where a crack head can perform brain surgery because everyone is "equal". They will never see the error of their ways. They feel they're doing it for reasons that are righteous and just but no attention is paid to the consequences. The intention is all that matters.

 

[theeedude]

Any employer who does that is taking a huge risk. It's already been brought up here.

Fauxcahontas is proposing this for one reason. It plays well with the left. This is yet another example of the left tearing the fabric that holds society together - and for all the "right" reasons. They want a society where no one is judged. Where a crack head can perform brain surgery because everyone is "equal". They will never see the error of their ways. They feel they're doing it for reasons that are righteous and just but no attention is paid to the consequences. The intention is all that matters.

Should employers get access to private health records too? I mean not everyone is "equal" health wise, so they should be able to judge that, right?

 

[Incorruptible]

You don't like it, go to a Country more suited for you like North Korea.

Just STFU you moron. You obviously don't understand the idea of private business and how businesses have the right to do this.

If you're that pathetic you have to resort to these idiotic comments then it's best you stop posting.

 

[brycejones]

Just STFU you moron. You obviously don't understand the idea of private business and how businesses have the right to do this.

If you're that pathetic you have to resort to these idiotic comments then it's best you stop posting.

Yet you still haven't supported your assertion that this is actually needed and effective. Here I'll give you a quick one that cites studies that indicate the opposite.

http://www.demos.org/publication/em...loyers-use-more-accurate-and-fair-assessments

See if you can find evidence to support your position.

I've had a relative of mine lose out on a job because the employer pulled a credit report leading to another 6 months of unemployment. Her credit was hammered when she lost her job at Compaq after they were purchased by HP. The job she lost because of her credit report had absolutely nothing to do with handling or managing money.

 

[OverVolt]

The purpose of credit reporting is to establish eligibility for credit, not for a job.

Its really about as clear cut as this. My credit is so-so, I'm not in the terrible credit no job, thus terrible credit trap, but I can see what a viciously terrible cycle that is and how it leads to poverty. Just do away with it. It has nothing to do with the person being able to perform a job and create some value. Keeping people in poverty doesn't exactly help either.

 

[BoomerD]

Not if it's a form of discrimination. The more "right to discriminate" you see taken away form employers, the more methods they will invent to continue the practice.

A credit check tells you nothing. A criminal background check would suffice.

Should an employer be able to run a credit check for any/all jobs?

Sure, if the job involves handling cash, I can understand not wanting to hire a thief, but should that prevent a person with a drug conviction as a youth from getting the job?

 

[HomerJS]

I never realized bad credit equated to criminal.

God forbid someone with high medical bills would want to get a job.

I don't know for sure but I would guess Bernie Madoff had good credit.

Go Lizzy!!

 

[Londo_Jowo]

Should employers get access to private health records too? I mean not everyone is "equal" health wise, so they should be able to judge that, right?

Many companies require fitness for duty exams should a person have issues performing their job or when returning from short term disability. Some even require one prior to end of a 90 day probation period.

 

[highland145]

How many here, that support the bill, own your business or are materially vested in insuring that you protect the company and it's assets?

 

[dmcowen674]

Originally Posted by Incorruptible
Just STFU you moron. You obviously don't understand the idea of private business and how businesses have the right to do this.

If you're that pathetic you have to resort to these idiotic comments then it's best you stop posting.

Yet you still haven't supported your assertion that this is actually needed and effective. Here I'll give you a quick one that cites studies that indicate the opposite.

http://www.demos.org/publication/em...loyers-use-more-accurate-and-fair-assessments

See if you can find evidence to support your position.

I've had a relative of mine lose out on a job because the employer pulled a credit report leading to another 6 months of unemployment. Her credit was hammered when she lost her job at Compaq after they were purchased by HP. The job she lost because of her credit report had absolutely nothing to do with handling or managing money.

Don't expect any evidence from him.

That's all the whackos on the right can do is personally attack the left because their Country hating position has no merit.

 

[bignateyk]

Why would an employer need to conduct a credit check?

Lots of reasons. Two off the top of my head:

1) Many occupations require you to manage finances and budget. If you can't control your own finances, why would a business want to hire you to control theirs?

2) Security concerns. Any classified position requires good credit. The reason is that someone with low credit is more likely to be blackmailed or bribed to reveal classified information.

 

[Exterous]

I would definitely be behind that - save for perhaps some exceptions in which you handle money directly, your employer has no business inquiring about such things.

I would add in 'or sensitive information'. What qualifies as sensitive information would be a bit of a debate but I could see someone with a history of money problems being more willing to sell information than someone without

Have you applied for a job within the last three years?

Just about every employer makes you sign a form that they will be doing a credit check now.

Source? While it is certainly a lot the SHRM Survey Findings: Background Checking – The Use of Credit Background Checks in Hiring Decisions report find less than half do so which is a far far cry from 'just about every'

 

[Greenman]

What happens to people who's credit report is screwed up by the reporting company? At one point in my life, my credit report showed that my house had been foreclosed, and that I was 9 when I bought it with my 27 year old wife.

We've already given far too much power to credit reporting company's. If we're going to continue down this road then they need to be 100% liable for the contents and accuracy of the report. If you don't get a job because of a mistake in your credit report, they should pay your salary until you're hired elsewhere.

 

[waggy]

Personally i think a Credit check is only needed for people who are directly working with large sums of money.