Transparency In Financial Services Act

Summary

The bill bars banks and major payment processors from taking adverse actions—like denying, limiting, or ending services—because of a person’s religion, protected expression, or participation in lawful business. Affected customers can ask for a written explanation of any such denial within 90 days, and the institution must respond within 30 days. The measure also sets out limited exceptions for legitimate business reasons and creates a private right to sue for violations.

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

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