Fair Access to Banking Act aims to ensure fair access to financial services for all lawful businesses.

The Fair Access to Banking Act seeks to amend the Federal Deposit Insurance Act and the Federal Reserve Act to ensure that financial institutions provide fair access to banking services. It prohibits banks with over $10 billion in assets from denying services based on subjective reasons, requiring them to use impartial, risk-based standards. The Act also allows individuals to sue banks for denying lawful services and imposes penalties on payment card networks that inhibit lawful access to services.

Fair Access to Banking Act aims to ensure fair access to financial services for all lawful businesses.

The Fair Access to Banking Act seeks to amend the Federal Deposit Insurance Act and the Federal Reserve Act to ensure that financial institutions provide fair access to banking services. It prohibits banks with over $10 billion in assets from denying services based on subjective reasons, requiring them to use impartial, risk-based standards. The Act also allows individuals to sue banks for denying lawful services and imposes penalties on payment card networks that inhibit lawful access to services.