New York City will ban employers from viewing credit history of prospective workers

The New York Daily News reports:

The City Council is expected to pass a bill Thursday that will make it illegal for employers to check job-seekers’ credit history, officials told the Daily News.

In addition to banning credit reports on a prospective employee, the bill also prohibits employers from asking people what their credit score is in job interviews.

“There’s just no demonstrated correlation between credit history and job performance, or the likelihood to commit fraud or theft,” said the bill’s sponsor, City Councilman Brad Lander (D-Brooklyn).

We wonder how many banks and insurance companies will be happy with this story!