Prohibits the use of consumer credit history in hiring, employment and licensing determinations.

The bill NY A01316 aims to prevent employers and licensing agencies from using an individual's consumer credit history when making hiring or employment decisions. This means that a person's credit score or credit report cannot be considered as part of the evaluation process for jobs or licenses. The goal is to ensure that financial history does not unfairly impact a person's opportunities for employment.

Supporters of this bill argue that it promotes fairness in the hiring process by eliminating unnecessary barriers for job seekers, particularly those who may have faced financial difficulties. They believe that a person's credit history should not define their professional capabilities or potential. By passing this legislation, New York would take a significant step toward equitable employment practices.

Critics of the bill contend that removing the ability to consider credit history could pose risks to employers, particularly in industries where financial responsibility is crucial. They argue that credit history can provide valuable insights into a candidate's reliability and trustworthiness. Opponents fear that this legislation may hinder employers' ability to make informed hiring decisions.