MN HF3601

Prohibits employers from seeking, requiring consent for, or using credit information (including credit scores, history, account balances, and payment history) as a condition of employment, for hiring decisions, compensation, or terms of employment, or as a basis for discharge or adverse employment actions.

Exempts financial institutions, credit unions, and employers with bona fide business purposes substantially related to the position from the credit information prohibition.

Exempts positions involving managerial control of finances, routine access to confidential financial information, regular access to $10,000 or more in cash, peace officer roles, and positions requiring financial fiduciary responsibility.

Allows employers to continue considering criminal history pursuant to existing law and permits requests for credit information when required by state or federal law or regulation.

Creates a private right of action for injured employees or prospective employees to recover damages, attorney fees, and court costs, with available remedies including reinstatement, back pay, compensatory damages, and expungement of adverse records.