NYC Council Introduction 401

intro.nyc/0401-2024 2024-2025 Legislative Session
Prohibiting discrimination in the issuance of credit and requiring creditors to disclose to potential borrowers how their rate is calculated.
Status: Laid Over in Committee Committee on Civil and Human Rights
Sponsored by Public Advocate Jumaane Williams
Introduced: February 28, 2024

This bill would expand on federal and state legislation by amending the city’s Human Rights Law to prohibit discrimination based on an individual’s membership in a protected class in the issuance of credit, would require creditors to disclose to potential borrowers how their rate is calculated, would require the NYC Commission on Human Rights to conduct outreach, and would require the NYC Commission on Human Rights to perform a credit discrimination investigation for a period of one year.