Bill > S1286

This bill introduces new regulations for employers' use of consumer credit reports in hiring and employment decisions. The legislation defines key terms like "consumer report" and "employment purposes" and generally prohibits employers from using credit reports as a criterion for employment, requesting such reports, or requiring job applicants or employees to discuss their credit information. The bill allows exceptions for positions requiring federal or state mandated background checks or those needing national security clearance. Importantly, the law also protects employees from retaliation if they file complaints, testify about, or oppose violations of this regulation. Employers are explicitly forbidden from requiring employees or applicants to waive these protections, and any such waiver would be considered void. The new regulations will take effect on January 1, 2027, giving businesses several years to adapt to the new requirements. The bill aims to prevent potential discrimination in employment based on an individual's credit history and provide additional worker protections against unfair hiring practices related to credit information.

Budget and Finance, Labor and Employment

https://malegislature.gov/Bills/194/S1286