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Credit checks for employees and potential hires by financial institutions appropriate: MAS
It weighs in on employers' screening practice for potential hires after some raise concerns
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DBS Bank and United Overseas Bank said they do credit screenings for all new hires, while OCBC Bank screens groups of employees.
PHOTO: ST FILE
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In June, remisier Vincent Khoo was told he should go to his bank - with his work supervisor in tow.
His employer wanted him to get a statement from the bank, to prove that he had paid off one of his unsecured loans.
