Puerto Rico Enacts Protection For Employees' Credit History

On October 8, 2019, effective immediately, the Governor of Puerto Rico signed into law Act No. 150, known as the "Act to Protect Employee's Credit Information" ("the Act"). The Act prohibits employers from looking into the credit history of current or potential employees, including obtaining credit reports from credit agencies, and from making employment decisions based on such credit history.

The Act does not reach all employees or applicants. Notably, positions which are managerial...