(July 1) – The Employment Opportunity Act to protect Coloradans from credit discrimination in employment went into effect today.
SB13-018, sponsored in the House by Rep. Randy Fischer (D-Fort Collins), will remove an arbitrary barrier to employment by restricting the use of consumer credit information by employers. Employers may not request a prospective or current employee’s credit information or use such consumer credit information to evaluate the employee unless the person being evaluated is currently, or will be, in a management position related to financial information or a contract involving national security.
“Credit information is not an indicator or predictor of employment success,” Rep. Fischer said. “This is about getting Coloradans back to work. Many folks hit hard times in the Great Recession, and with 200,000 Coloradans unemployed, we should not be preventing them from gaining employment because of their credit history.”