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If Pending New York State Law Restricting Use of Credit Reports is Enacted, Will Financial Institutions Be Exempt?
Categories: Financial Services
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By:  John F. Fullerton III

As a direct result of the financial crisis, an increasing number of states have enacted or are considering statutes that prohibit or restrict employers from obtaining and using credit reports for making hiring and other employment decisions.  Eight states have now passed such legislation - California, Connecticut, Hawaii, Illinois, Maryland, Oregon, Washington and Vermont.  Similar legislation is pending in many other states - including New Jersey and New York - and bills have been introduced at the federal level as well.  In most states that have ...

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