Guarantee Banking Act prohibits financial institutions from discriminating against individuals based on religion, speech, or lawful economic activity.

The Guarantee Banking Act aims to prevent financial institutions from discriminating against individuals based on their religious practices, speech, or lawful economic activities. It defines "financial institution" as banks with over $100 billion in assets or payment processors with over $100 billion in transactions annually. The act mandates that if a financial institution takes an adverse action, it must provide a specific statement detailing the reasons, excluding internal policies or credit scores.

Guarantee Banking Act prohibits financial institutions from discriminating against individuals based on religion, speech, or lawful economic activity.

The Guarantee Banking Act aims to prevent financial institutions from discriminating against individuals based on their religious practices, speech, or lawful economic activities. It defines "financial institution" as banks with over $100 billion in assets or payment processors with over $100 billion in transactions annually. The act mandates that if a financial institution takes an adverse action, it must provide a specific statement detailing the reasons, excluding internal policies or credit scores.