Support Senator Warren's Equal Employment for All Act

See the below from Senator Warren. Note that this is not asking us to hire workers incapable of performing a job, or giving a job to someone unqualified or with a bad employment record. It's just asking that credit history not be a defining criteria, given that many might have bad credit through no fault of their own because of the economic circumstances created by the financial crises. Yes, some have bad credit due to their own irresponsibility, but that behavior will also likely reflect in their employment history, and it is the latter upon which employment hiring decisions should be made. From Warren:

"Much of America – hard-working, bill-paying America – has a damaged credit rating. There are a lot of different reasons, but a lot of people just caught a bad break. They got sick. Their husband left or their wife died. They lost their job. Problems only got worse after the financial crisis. Shrinking home prices made it impossible to sell or refinance a home. People lost their small businesses. Smaller savings left people without much cushion to ride out the tough times. People missed a payment or went into debt. Most people recognize that bad credit means they will have trouble borrowing money or they will pay more to borrow. But many don't realize that a damaged credit rating can also block access to a job.

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.

Today, along with Senators Blumenthal, Brown, Leahy, Markey, Shaheen, and Whitehouse, I am 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.


After a terrible blow like a family death, a divorce, or a life-changing disease, many people scramble to get back to work, pick up a second job, or change jobs so they can get back on their feet financially. But they are knocked back by their damaged credit rating.

Highly qualified applicants with bad credit can be shut out of the job market. That's wrong.

Let's be honest: This is one more way the game is rigged against the middle class. A rich person who loses a job or gets divorced or faces a family illness is unlikely to suffer from a drop in his or her credit rating. But for millions of hard-working families, a hard personal blow translates into a hard financial blow that will show up for years in a credit report.

People shouldn't be denied the chance to compete for jobs because of credit reports that bear no relationship to job performance and that, according to recent reports, are often riddled with inaccuracies. Show your support for my new bill, the Equal Employment for All Act.

It's been five years since the financial crisis, and it's time for struggling families to stop paying the price for the recklessness on Wall Street and failed oversight in Washington that tanked our economy.

The Equal Employment for All Act addresses just one small issue, but for many families, it'll make a world of difference.

Thank you for being a part of this, Elizabeth"