Texas SB2492 prohibits financial service providers from using social credit scores to deny services and requires providers to give explanations for.

Texas SB2492 amends the Business & Commerce Code to prohibit financial service providers from using social credit scores to deny, terminate, or restrict financial services. A social credit score is defined as an analysis evaluating a customer's religious beliefs, speech, affiliations, political opinions, or activities. The bill also prohibits providers from conspiring with others to use such scores. Customers who suspect they were unfairly denied service can request an explanation within 90 days of being informed of the denial.

Texas SB2492 prohibits financial service providers from using social credit scores to deny services and requires providers to give explanations for.

Texas SB2492 amends the Business & Commerce Code to prohibit financial service providers from using social credit scores to deny, terminate, or restrict financial services. A social credit score is defined as an analysis evaluating a customer's religious beliefs, speech, affiliations, political opinions, or activities. The bill also prohibits providers from conspiring with others to use such scores. Customers who suspect they were unfairly denied service can request an explanation within 90 days of being informed of the denial.