S0559: Banking Practices

Legislative Summary

Amend The South Carolina Code Of Laws By Adding Section 34-3-120 So As To Provide That Banks May Not Use Social Credit Scores When Making Decisions Concerning Whether To Provide Services To A Consumer Or Business Entity; And By Adding Section 34-26-120 So As To Provide That Credit Unions May Not Use Social Credit Scores When Making Decisions Concerning Whether To Provide Services To A Consumer Or Business Entity.