Guarantee Banking Act ensures fairness and transparency in banking by prohibiting discrimination in financial services.
The Guarantee Banking Act adds Chapter 47 to Title 34 of the South Carolina Code, aiming to ensure fairness and transparency in banking. It prohibits financial institutions from discriminating in the provision of financial services based on protected speech, religion, or association. The act defines "covered financial services" and "financial institution," and mandates that institutions provide specific reasons for adverse actions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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