Referred to the House Committee on Financial Services.
Summary
The Financial Access Protection Act forbids insured banks, credit unions, consumer reporting agencies and other covered financial institutions from requiring, keeping, or disclosing any information about a consumer’s citizenship or immigration status. It also prevents federal banking regulators from demanding that these institutions collect such data or from tying supervisory decisions to it. The measure is intended to protect immigrant communities and ensure they can access financial services without fear of discrimination.
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