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0 9.57579239681213E-05 0.00268122187110985 0.00282485875706216 0.00574547543809245 -9.57579239682574E-05 0.000622426505793333 -0.00205879536531651
Stock impact report

California's SB 1061: Key Changes For Employers On Credit Checks And Medical Debt [Forbes]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: Forbes
California's SB 1061, signed into law by Governor Gavin Newsom, marks a significant shift for employers using credit checks in background screening. Effective July 1, 2025, medical debt will no longer appear on credit reports requested for employment purposes. This change comes as part of the state's broader effort to protect consumers from the negative effects of medical debt and its potential impact on employment. What SB 1061 Means for California Employers For employers in California, SB 1061 means that medical debt information will be absent from credit checks conducted during the hiring process. The law also makes improperly reported medical debt void and unenforceable. Employers will no longer be able to consider this type of debt to assess a job candidate's financial history or responsibility. Medical debt, often the result of unforeseen health issues, may not reliably indicate creditworthiness. SB 1061 reflects this recognition by removing such debt from employment-rela Show less Read more
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