Financial institutions; discrimination prohibited; penalty.
Financial institutions; discrimination prohibited; penalty. Prohibits a financial institution from denying or cancelling its services to or otherwise discriminating against a person in making available services on the basis of factors including the person's political opinions, speech, or affiliations and other factors enumerated in the bill. The bill provides that a violation of its provisions constitutes a prohibited practice under the Virginia Consumer Protection Act.
2025 Regular Session
A. No financial institution shall deny or cancel its services to a person [...] on the basis of: [...] 4. The use of a rating, scoring, analysis, tabulation, or action that considers a social credit score based on factors including [...] (vii) a person's failure to meet or comply with any of the following [...]: d. Policies or procedures requiring or encouraging employee participation in social justice programming, including diversity, equity, or inclusion training.
History
| Date | Action |
|---|---|
| 2025-01-07 | Committee Referral Pending |
| 2025-01-07 | Prefiled and ordered printed; Offered 01-08-2025 25101806D |