Sen. Elizabeth Warren (D-Mass.) on Tuesday proposed legislation to prevent companies from using a person's credit history as a factor in the hiring process, a practice that Warren says makes it harder for poor people to land a job.
"A bad credit rating is far more often the result of unexpected medical costs, unemployment, economic downturns, or other bad breaks than it is a reflection on an individual's character or abilities," Warren said. "Families have not fully recovered from the 2008 financial crisis, and too many Americans are still searching for jobs.
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