Arizona HB2903 prohibits the state from requiring banks and financial institutions to use social credit scores for lending decisions.

Arizona HB2903 amends title 6, chapter 2, article 1, Arizona Revised Statutes, by adding section 6-194. This section explicitly prohibits the state from mandating that banks or financial institutions use social credit scores when evaluating loan applications. This measure aims to ensure that lending decisions are based solely on traditional creditworthiness criteria.

Arizona HB2903 prohibits the state from requiring banks and financial institutions to use social credit scores for lending decisions.

Arizona HB2903 amends title 6, chapter 2, article 1, Arizona Revised Statutes, by adding section 6-194. This section explicitly prohibits the state from mandating that banks or financial institutions use social credit scores when evaluating loan applications. This measure aims to ensure that lending decisions are based solely on traditional creditworthiness criteria.