New York State Prohibits Employers’ Consideration of Credit History in Most Employment-Related Decisions

by Catherine Weiss Butto - Spencer Fane

Effective April 18, 2026, an amendment to the New York State Fair Credit Reporting Act1 will ban employers from using an applicant’s or employee’s credit history for employment decisions, such as hiring or determining employee compensation. Narrow exceptions apply. This new prohibition generally expands New York City’s Stop Credit Discrimination in Employment Act, which has banned NYC employers from engaging in similar practices since 2015, subject to limited exemptions. As of April 18, 2026, comparable restrictions will apply statewide.

Read more: https://www.spencerfane.com/insight/new-york-state-prohibits-employers-consideration-of-credit-history-in-most-employment-related-decisions/