Tennessee General Assembly Passes Landmark Bill Against De-Banking

Bank Teller

The Tennesse General Assembly passed a bill prohibiting banks from de-banking and closing consumer accounts based on “social credit score” systems.

SB 2148 “prohibits financial institutions and insurers from denying or canceling services to a person, or otherwise discriminating against a person, based upon the use of a social credit score or other factors,” according to the bill’s summary.

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