On Wednesday May 6th Mayor de Blasio signed Intro No. 261-A, which amended the administrative code of New York City to prohibit most employers with four or more employees, from using credit information in hiring decisions. The amendment prohibits employers from using any information about an individual’s credit history or credit worthiness or information obtained from the individual regarding details about credit accounts, bankruptcies, judgement or liens. The law is stricter than other similar laws in other jurisdictions, restricting the types of positions in which an employer can obtain credit reports.
Exceptions to the law include the following:
As a reminder on September 3rd 2015, the Stop Credit Discrimination in Employment Act in NYC restricts the use of credit reports for most employers. The NYC Commission on Human Rights has published the several documents to assist employees and employers. This information is available here: http://www.nyc.gov/html/cchr/html/coverage/credit-history.shtml