New York is poised to become one of a handful of places in which it’s illegal for employers to review job-seekers’ credit history, pending a vote in the City Council today.
If passed, the bill would not only end the practice of running credit checks on prospective employees, it would also prohibit employers from asking about applicants’ credit scores.
“There’s just no demonstrated correlation between credit history and job performance, or the likelihood to commit fraud or theft,” the bill’s sponsor, City Councilman Brad Lander, told the Daily News.
Moreover, requiring good credit to be considered for a job presents a vicious Catch-22. As Stuart Appelbaum, president of the Retail, Wholesale and Department Store Union told the Times in January: “People want to pay off loans, but because of their troubles, they can’t even get a job.”
Read more City Council Will Likely Ban Practice Of Running Credit Checks On Job Applicants: Gothamist.
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