HB3172

Oklahoma HB3172 establishes the Fair Banking Act, prohibiting financial institutions from discriminating in the provision of financial services.

Oklahoma HB3172, known as the Fair Banking Act, prohibits financial institutions from discriminating in the provision of financial services. It allows individuals to request a statement of reasons for any adverse action taken against them within 90 days. The act defines "covered financial services" as including checking accounts, payment services, and credit. It prohibits adverse actions based on religion, speech, lawful economic activity, and other protected factors. Financial institutions can avoid liability if actions are made in good faith and not motivated by animus.