HR. 987In Committee
Fair Access to Banking Act
Restricts banks, credit unions, and card networks from denying lawful customers financial services unless based on documented, preestablished, risk-based standards rather than reputational concerns
Plain-English overview
What this bill does
Restricts banks, credit unions, and card networks from denying lawful customers financial services unless based on documented, preestablished, risk-based standards rather than reputational concerns
Key points
- Prohibit discriminatory service denials
- Authorize civil actions
- Limit denials to risk standards
Current status
Where it stands
Status
In Committee
Latest action
2025-02-05 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedFinance and Financial Sector