This is a bad idea.
State Representative Kim Hixson (D-Whitewater) and a majority of his colleagues on the Assembly Committee on Workforce Development voted Assembly Bill 367 out of committee Thursday. Hixson is the lead author of AB-367, the “Job Seeker Protection Bill,” which would prohibit employers from discriminating against job seekers based on their credit history.
An employer always takes on a degree of risk when hiring anyone. It’s impossible to know everything about a person before hiring them. Looking at someone’s credit history is just one way to evaluate whether a person is right for the job. Of course, it depends on the job. Someone’s credit history may not matter a bit if you’re hiring factory line worker, but it’s certainly relevant when hiring a CFO. Given how costly and disruptive a bad hiring decision can be, the government should allow employers as many tools as possible to try to make a good decision.