HB1228

Oklahoma HB1228 prohibits banks, trust companies, and credit unions from discriminatory practices based on subjective criteria, with civil penalties.

Oklahoma HB1228 aims to prevent unfair business practices by prohibiting banks, trust companies, and credit unions from discriminating against customers based on subjective criteria. These criteria include social media posts, political affiliation, social credit scores, and environmental, social, and governance criteria. The bill allows for certain practices if fully disclosed to customers beforehand. Violations result in civil penalties of $50,000 for the first offense and $250,000 for subsequent violations. The Attorney General is responsible for enforcement.