A BILL TO BE ENTITLED
AN ACT to protect consumers through fair access to financial services.
The General Assembly of North Carolina enacts:
SECTION 1.  Article 6 of Chapter 53C of the General Statutes is amended by adding a new section to read:
"§ 53C‑6‑21.  Discrimination prohibited.
(a)	Unlawful Factors. – It is unlawful for a bank to deny or cancel its services to a person, or to otherwise discriminate against a person in providing its services, on the basis of any of the following factors:
(1)	The person's political opinions, speech, or affiliations.
(2)	The person's religious beliefs, religious exercise, or religious affiliations, unless the bank claims a religious purpose.
(3)	Any factor if it is not a quantitative, impartial, and risk‑based standard, including any factor related to the person's business.
(4)	The use of any rating, scoring, analysis, tabulation, or action that considers a social credit score based on any of the following:
a.	The person's lawful ownership of a firearm.
b.	The person's engagement in the lawful manufacture, distribution, sale, purchase, or use of firearms or ammunition.
c.	The person's engagement in the exploration, production, utilization, transportation, sale, or manufacture of fossil fuel‑based energy, timber, mining, or agriculture.
d.	The person's support of the State or federal government in combating illegal immigration, drug trafficking, or human trafficking.
e.	The person's failure or expected failure to meet any of the following so long as the person is in compliance with State and federal law:
1.	Environmental standards, including emissions standards, benchmarks, requirements, or disclosures.
2.	Social governance standards, benchmarks, or requirements, including environmental or social justice.
3.	Corporate board or company employment composition standards, benchmarks, requirements, or disclosures based on personal characteristics protected by law.
4.	Policies or procedures requiring or encouraging employee participation in social justice programming, including diversity, equity, or inclusion training.
(5)	The person's engagement with, facilitation of, employment by, support of, business relationship with, representation of, or advocacy for any person described in this subsection.
(b)	Subjective Standards. – A bank may offer a service to a person based on subjective standards only if the standards are fully disclosed and explained to the person before entering into a contract for the service. The bank shall obtain a signature from the person attesting that the bank has disclosed and explained the subjective standards being used by the bank.
(c)	Annual Report. – By January 1 of each year, a bank shall attest, under penalty of perjury, on a form prescribed by the Commissioner whether the bank is in compliance with this section.
(d)	Private Right of Action. – A person aggrieved by a violation of this section may bring an action for damages or injunctive relief. A violation of this section is an unfair or deceptive trade practice under G.S. 75‑1.1."
SECTION 2.  G.S. 54B‑78 reads as rewritten:
"§ 54B‑78.  Prohibited practices.
(a)	A person or association that engages in either of the following acts or practices is guilty of a Class 1 misdemeanor:
(1)	Defamation: Making, publishing, disseminating, or circulating,  directly or indirectly, or aiding, abetting, or encouraging the making, publishing, disseminating, or circulating of, any oral, written, or printed statement that is false regarding the financial condition of any association.
(2)	False information and advertising: Making, publishing, disseminating, or circulating or causing, directly or indirectly, to be made published, disseminated, circulated, or otherwise placed before the public in any publication, media, notice, pamphlet, letter, poster, or any other way, an advertisement, announcement, or statement containing any assertion, representation, or statement with respect to the savings and loan business or with respect to any person in the conduct of the savings and loan business that is untrue, deceptive, or misleading.
(b)	The provisions of G.S. 53C‑6‑21 apply to a State association."
SECTION 3.  G.S. 54C‑64 reads as rewritten:
"§ 54C‑64.  Prohibited practices.
(a)	A person that engages in either of the following acts or practices is guilty of a Class 1 misdemeanor:
(1)	Defamation: Making, publishing, disseminating, or circulating, directly or indirectly, or aiding, abetting, or encouraging the making, publishing, disseminating, or circulating of, any oral, written, or printed statement that is false regarding the financial condition of any savings bank.
(2)	False information and advertising: Making, publishing, disseminating, circulating, or otherwise placing before the public in any publication, media, notice, pamphlet, letter, poster, or any other way, an advertisement, announcement, or statement containing any assertion, representation, or statement with respect to the savings bank business or with respect to any person in the conduct of the savings bank business that is untrue, deceptive, or misleading.
(3)	Repealed by Session Laws 1997‑241, s. 2.
(b)	The provisions of G.S. 53C‑6‑21 apply to a State savings bank."
SECTION 4.  Article 14C of Chapter 54 of the General Statutes is amended by adding a new section to read:
"§ 54‑109.23.  Discrimination prohibited.
The provisions of G.S. 53C‑6‑21 apply to a credit union. A credit union shall submit the annual report described in G.S. 53C‑6‑21(b) to the Administrator."
SECTION 5.  G.S. 58‑63‑15 reads as rewritten:
"§ 58‑63‑15.  Unfair methods of competition and unfair or deceptive acts or practices defined.
The following are unfair methods of competition and unfair and deceptive acts or practices in the business of insurance:
…
(7)	Unfair Discrimination. –
…
e.	Refusing to insure or charging a different rate solely in consideration of the risks relating to environmental, social, and governance criteria, as defined in G.S. 143‑162.6; diversity, equity, or inclusion policies; or political and ideological factors, unless the refusal or different rate is the result of the application of sound underwriting and actuarial principles related to actual or reasonably anticipated loss experience.
…."
SECTION 6.  This act is effective when it becomes law and applies to acts committed on or after that date.