Texas SB949 prohibits financial institutions from discriminating in financial services based on protected activities.

The Equality in Financial Services Act prohibits financial institutions from discriminating in the provision of financial services based on protected activities, such as religious exercise, speech, and lawful business activities. Financial institutions must provide a detailed explanation if they refuse to provide, restrict, or terminate service. The act allows individuals to seek damages and preventive relief, including injunctions, for violations. The act takes effect September 1, 2025.

Texas SB949 prohibits financial institutions from discriminating in financial services based on protected activities.

The Equality in Financial Services Act prohibits financial institutions from discriminating in the provision of financial services based on protected activities, such as religious exercise, speech, and lawful business activities. Financial institutions must provide a detailed explanation if they refuse to provide, restrict, or terminate service. The act allows individuals to seek damages and preventive relief, including injunctions, for violations. The act takes effect September 1, 2025.