Today CNN.com includes an article entitled “Why Do Employers Care About Your Credit”by Rachel Ferrell of CareerBuilder.com. It includes interesting information about the continued increase in the use of credit reports for employment purposes. Ferrell reports that “Sixty percent of employers recently surveyed by the Society of Human Resource Management said they run credit checks on all or some ...
Many employers evaluate the credit reports of job applicants as part of the hiring process. In most states (excluding Washington and Hawaii), this practice is legally permissible. However, legislation to ban or limit this use of credit reports is introduced at the federal and state level on a regular basis.
In recent months, this practice has received increased media attention, ...