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On March 27, 2014, Colorado’s Governor enacted Senate Bill S.B. 102, the “Employment Opportunity Act,” which would add employment positions held at financial institutions to the list of employment positions for which an employer may use consumer credit information for employment purposes. Under current Colorado law, an employer may use consumer credit information for employment purposes if the information is substantially related to the employee’s current or potential job.
The bill would allow bank or financial institution employers to use consumer credit information for employment purposes by amending the definition of “substantially related to the employee’s current or potential job” to include positions held at banks or financial institutions.
View S.B.102 here:
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