Idaho Bills
2 bills · 2024 Regular Session
Adds to existing law to provide for equality in financial services.
This legislation prohibits large financial institutions from discriminating against customers based on their political or religious views. It applies only to banks with assets over $100,000,000,000 or payment processing companies that process over $100,000,000,000 per year. These institutions would be prohibited from using social credit scores or any nonfinancial criteria. Social credit scores do not include assessing financial risks based on impartial and quantifiable financial risk-based standards. If a customer is denied access to financial services, he or she has the right to request the reason for the denial from the financial institution. Enforcement of the legislation resides with the Attorney General.
58 – 10
Adds to existing law to provide for equality in financial services.
This legislation prohibits large financial institutions from discriminating against customers based on their political or religious views. It applies only to banks with assets over $100,000,000,000 or payment processing companies that process over $100,000,000,000 per year. These institutions would be prohibited from using social credit scores or any nonfinancial criteria. Social credit scores do not include assessing financial risks based on impartial and quantifiable financial risk-based standards. If a customer is denied access to financial services, he or she has the right to request the reason for the denial from the financial institution. Enforcement of the legislation resides with the Attorney General.