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New York Bans Credit History for Employment Decisions

4/2/2026

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Story summary
  • New York Governor Kathy Hochul will prohibit New York employers from using an individual's credit score or credit history for employment, effective April 18, 2026.
  • The law designates such practices as unlawful discrimination.
  • Limited exceptions apply for roles requiring financial trust or security clearances.
  • Employers must avoid credit inquiries and keep exemption records for five years.