MN SF4218

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, basis for hiring or compensation, or basis for discharge or adverse employment actions.

Exempts financial institutions, credit unions, and positions where credit information is required by state or federal law or regulation.

Exempts positions with a bona fide business purpose for the information, including managerial positions controlling financial direction, roles with access to confidential financial information, positions with regular access to $10,000 or more in cash, peace officers, and positions requiring financial fiduciary responsibility.

Allows injured employees or prospective employees to bring civil actions for damages, costs, attorney fees, and equitable relief including reinstatement, back pay, compensatory damages, and expungement of adverse records.