April 19, 2018

SB 13-018: Specifying Purposes for Which an Employer or Potential Employer May Use Consumer Credit Information

On Wednesday, January 9, 2013, Sen. Jessie Ulibarri introduced SB 13-018 – Concerning the Use of Consumer Credit Information by Employers. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

The bill creates the “Employment Opportunity Act,” which specifies the purposes for which consumer credit information (i.e., consumer credit reports and credit scores) can be used by an employer or potential employer (jointly referred to as “employer”). Specifically, the bill:

  • Prohibits an employer’s use of consumer credit information for employment purposes if the information is unrelated to the job;
  • Requires an employer to disclose to an employee or applicant for employment (jointly referred to as “employee”) when the employer uses the employee’s consumer credit information to take adverse action against him or her and the particular credit information upon which the employer relied;
  • Authorizes an employee aggrieved by a violation of the above provisions to bring suit for an injunction, damages, or both; and
  • Requires the department of labor and employment to enforce the laws related to employer use of consumer credit information.

Assigned to the Business, Labor, and Technology Committee.

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