Cook County, Illinois restricts credit consideration in hiring decisions
Tags : Credit Reporting, Enacted Legislation
Illinois’ largest county enacted a bill that will limit employers’ ability to inquire about or otherwise consider a current or prospective employee’s credit standing when making employment decisions.
According to Proskauer Law and the Workplace, the ordinance, which is already in effect, closely resembles similar laws that have recently been enacted in many cities and states around the country. Under the new law, private employers who have a “principal place of business” or otherwise conduct business in Cook County will be barred from considering current or prospective employees’ credit history – defined as an individual’s record of past borrowing and repaying include information about late payments and bankruptcy, as defined by the law – in employment decision making.
The full text of the law can be found here.
Source: Proskauer Law and the Workplace, 5/28/2015
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