Creating Transparency in Financial Services Act
The purpose of this bill is to create the Transparency and Accountability in Financial Services Act; provide a short title; set forth legislative declarations; provide definitions; requiring transparency upon request and prohibiting discrimination; establish enforcement provisions; provide for severability; and clarify relevant consumer protection provisions.
2025 Regular Session
"Discriminate in the provision of financial services" means utilizing a social credit score to directly or indirectly decline to provide full and equal enjoyment in the provision of financial services, and includes refusing to provide, terminating, or restricting financial services. [...] "Social credit score" means any analysis, rating, scoring, list, or tabulation that evaluates any of the following: [...] (D) Failure or refusal to conduct any type of racial, diversity, or gender audit or disclosure or to provide any sort of quota, preference, or benefit based, in whole or in part, on race, diversity, or gender; (E) Failure or refusal to facilitate or assist employees in obtaining abortions or gender transition services;
| date | time | type | location | description |
|---|---|---|---|---|
| 2025-03-12 | 14:00 | Hearing | 451-M | Senate Banking and Insurance Committee Meeting |
History
| Date | Action |
|---|---|
| 2025-03-04 | Filed for introduction |
| 2025-03-04 | To Banking and Insurance then Judiciary |
| 2025-03-04 | Introduced in Senate |
| 2025-03-04 | To Banking and Insurance |