House Passes Bill That Would Change Rules for Credit Report Use in Employment Decisions

On January 29, the U.S. House of Representatives passed legislation (U.S. 3621) which amends the Fair Credit Reporting Act. The bill prohibits employers from using credit reports to make most employment decisions and from asking financial history questions during the hiring process. The legislation now moves to the Senate (where it doesn’t appear to have the votes to pass). Stay tuned.