Bill > SB1515

This bill prohibits financial institutions, defined as banks or payment processors with over $100 billion in assets or transactions, from refusing or restricting services based on a customer's "social credit score," which is any analysis of their religious exercise, protected speech or association, refusal to adopt certain environmental targets, failure to conduct diversity audits or meet quotas, refusal to facilitate abortions or gender reassignment services, or lawful business activities related to firearms, fossil fuels, or agriculture, unless these activities pose quantifiable financial risks based on publicly disclosed standards. If a financial institution denies or restricts service, customers can request a detailed explanation within 90 days, including the specific reasons and relevant terms of service. Violations of these provisions are considered violations of the Oklahoma Consumer Protection Act, allowing the Attorney General to pursue civil action and individuals to sue for actual damages of at least $10,000 (or up to $30,000 for willful violations), plus attorney fees, or to seek injunctive relief. The bill also updates statutory references within the Oklahoma Consumer Protection Act and becomes effective on November 1, 2026.

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1515&Session=2600