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Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on Mayor de Blasio Signing the Credit Check Bill into Law

“In this age of high-tech, employers are screening job applicants more carefully, particularly for positions that have access to proprietary information and customer data. Credit checks are one of many tools that companies use to protect themselves and their customers from potential losses. Constructive negotiations with the de Blasio administration and the City Council resulted in a bill that strikes an important balance, enabling  employers to conduct credit checks for the most sensitive job openings while reducing chances that a poor credit history will unfairly disqualify job candidates. Moving forward, it is important to monitor the cost and consequences of this and other new laws that limit the discretion of New York City employers in their hiring decisions.”