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News Now

CU System
Oregon credit histories bill exempts FIs
SALEM, Ore. (2/24/10)—Oregon’s state legislature has passed a bill that will bar many employers from checking the credit history of job seekers. However, banks, credit unions, and law enforcement agencies are exempt. According to the bill’s backers, thousands of people have bad credit because of events beyond their control—such as layoffs and medical bills—and their credit has nothing to do with their job qualifications (StatesmanJournal.com Feb. 23). Opponents say the legislature should not interfere with business personnel decision. More than half the nation’s businesses use credit histories in hiring decisions. The measure also exempts employers if the credit information is “substantially job-related” and the applicant receives disclosure of the credit check. The bill passed in the House Monday on a 33-26 vote. It had cleared the Senate earlier. The billis on its way to Gov. Ted Kulongoski.


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