Financial institutions; creating the Fair Banking Act; prohibiting discrimination in provision of financial services against persons; civil action; effective date.

Summary

The bill bans financial institutions with $100 billion or more in assets or transaction volume from taking adverse actions against a person because of protected religious or speech activities, lawful economic activity, or bias. Affected customers can demand a written explanation for any denial, restriction, or termination of service, and the institution must respond within set time limits. Violations are treated as unfair or deceptive practices and may be pursued in civil court.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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