It was once thought that credit history would provide insight into someone's character, and many companies routinely require credit reports from job applicants. But research has shown that an individual's credit rating has little or no correlation with his ability to succeed at work. A bad credit rating is far more often the result of unexpected personal crisis or economic downturn than a reflection of someone's abilities.
Elizabeth Warren -- along with Senators Richard Blumenthal, Sherrod Brown, Patrick Leahy, Ed Markey, Jeanne Shaheen, and Sheldon Whitehouse -- is introducing a bill to stop employers from requiring prospective employees to disclose their credit history or disqualifying applicants based on a poor credit rating.
Become a citizen co-sponsor of the Equal Employment for All Act: