Written By ESR News Blog Editor Thomas Ahearn A follow-up study of credit report accuracy issued by the Federal Trade Commission (FTC) has found that most consumers with previously reported unresolved errors on their credit reports believe that some disputed information on those reports is still inaccurate, according to an FTC press release. The study …Continue reading "FTC Issues Credit Report Accuracy Study"
Written By ESR News Blog Editor Thomas Ahearn New York City Council members are considering legislation – Introductory Bill Number 261 (“Int. No. 261”) – that would amend the administrative code of the city “in relation to prohibiting discrimination based on one’s consumer credit history” and prevent employers from using credit checks in employment decisions. …Continue reading "New York City May Ban Credit Checks by Employers"
Employers should generally approach the use of credit reports for employment purposes with great caution, carefully examining if such use is regulated by state law, is relevant to the job, and be on the lookout for potential future restrictions in 2014 as credit report checks continue to become a disfavored tool that could potentially disappear …Continue reading "Credit Reports Becoming Disfavored Tool in Employment Screening that May Disappear from Hiring Landscape"
A new law in Nevada signed by Governor Brian Sandoval – Assembly Bill 181 (A.B. 181) – will restrict employer access to social media accounts and credit report information of both employees and job applicants beginning on October 1, 2013. The full text of Nevada Assembly Bill 181 is available at http://www.leg.state.nv.us/Session/77th2013/Bills/AB/AB181.pdf.Continue reading "Nevada Law Restricting Employer Access to Credit Reports and Social Media Accounts Takes Effect October 1"
A new law passed by the Colorado General Assembly that takes effect July 1, 2013 – SB13-018, the “Employment Opportunity Act” – will specify the permissible use of credit reports by employers. The Act outlines the purposes for which consumer credit information such as consumer credit reports and credit scores can be used by private …Continue reading "Starting July 1 New Colorado Law Specifies Permissible Use of Credit Reports by Employers"
Lawmakers in Delaware have introduced legislation – House Bill No. 167 – that would prohibit public employers in the state from considering the criminal record or credit history of an applicant before making a conditional job offer. The bill would also restrict the authority of state and local government agencies to conduct criminal background checks …Continue reading "Delaware Bill Would Prohibit Employers from Considering Criminal Record and Credit History of Applicants before Job Offer"
With Governor Brian Sandoval signing Senate Bill 127 (SB 127) into law, Nevada has now become the tenth state in the U.S. to prohibit employers from conditioning employment on a consumer credit report or other credit information with few exceptions. The full text of Nevada SB 127 – which goes into effect on October 1, 2013 …Continue reading "Nevada Becomes Tenth State to Prohibit Use of Credit Reports by Employers for Employment Purposes"
Governor of Colorado John Hickenlooper has signed into law a bill passed by the Colorado General Assembly – SB13-018, the “Employment Opportunity Act” – that specifies the purposes for which consumer credit information such as consumer credit reports and credit scores can be used by private sector employers or potential employers with four or more …Continue reading "Colorado Employment Opportunity Act Specifies Permissible Use of Credit Reports by Employers Starting July 1"
Congressman Steve Cohen (D-Tennessee-09) has introduced legislation in the U.S. House of Representatives – H.R. 645, the ‘Equal Employment for All Act’ – that would amend the Fair Credit Reporting Act (FCRA) to prohibit employers from using credit report checks and bankruptcy filings when hiring or making adverse employment decisions. Under H.R. 645, some exceptions …Continue reading "Equal Employment for All Act Would Prohibit Employers from Using Credit Report Checks when Hiring"
A Federal Trade Commission (FTC) study of accuracy in the U.S. credit reporting industry has found that one in five consumers – an estimated 40 million Americans, according to a ‘60 Minutes’ report on the FTC study – had an error on at least one of their three major credit reports while five percent had …Continue reading "FTC Study on Credit Report Accuracy Finds One in Five Consumers has Error on Their Credit Reports"