SB2139

Mississippi Guaranteeing Fair Banking Act prohibits financial institutions from discriminating against customers based on religion, speech, or other.

The Mississippi Guaranteeing Fair Banking Act aims to ensure fair treatment in banking services by prohibiting financial institutions from discriminating against customers. The Act defines "adverse action" as a decision to decline or restrict financial services, including accounts, money transmission, and credit. It mandates that financial institutions provide specific reasons for adverse actions and prohibits discrimination based on religious practices, speech, or other activities protected by the First Amendment.