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Committee backs bill letting customers sue banks over denial of services tied to political or social criteria
Summary
A committee voted to report a committee substitute for Senate Bill 663 that would let a person sue a financial institution that refuses or limits services for specified discriminatory factors; the substitute passed committee on division (11–4).
The committee voted to report a committee substitute for Senate Bill 663 to the full Senate after debate over how the measure would operate and its potential legal effects.
The bill would add a new article to the West Virginia Consumer Credit and Protection Act prohibiting financial institutions with at least $100 billion in total assets from refusing or conditioning financial services based on certain "discriminatory factors," including a customer’s exercise of constitutionally protected speech (for example, refusing to assist with an…
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