Texas HB4333 prohibits financial institutions from discriminating in financial services based on protected activities and beliefs.

Texas HB4333, known as the Equality in Financial Services Act, prohibits financial institutions from discriminating in the provision of financial services based on protected activities and beliefs. Financial institutions are defined as banks with over $100 billion in assets or payment processors with over $100 billion in transactions. The bill mandates that financial institutions cannot refuse, restrict, or terminate services based on a social credit score that evaluates protected activities such as religion, speech, or lawful business associations.

Texas HB4333 prohibits financial institutions from discriminating in financial services based on protected activities and beliefs.

Texas HB4333, known as the Equality in Financial Services Act, prohibits financial institutions from discriminating in the provision of financial services based on protected activities and beliefs. Financial institutions are defined as banks with over $100 billion in assets or payment processors with over $100 billion in transactions. The bill mandates that financial institutions cannot refuse, restrict, or terminate services based on a social credit score that evaluates protected activities such as religion, speech, or lawful business associations.