Sec. 3. Purpose
140 words·~1 min read·
/bill/117/s/563/is/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The purposes of this Act are to— ensure fair access to financial services and fair treatment of customers by financial service providers, including national and state banks, Federal savings associations and State and Federal credit unions; ensure banks conduct themselves in a safe and sound manner, comply with laws and regulations, treat their customers fairly, and provide fair access to financial services; protect against banks being able to impede otherwise lawful commerce and thereby achieve certain public policy goals; ensure that persons involved in politically unpopular businesses but that are lawful under Federal law receive fair access to financial services under the law; and ensure banks operate in a safe and sound manner by making judgments and decisions about whether to provide a customer with financial services on an impartial, individualized risk-based analysis using empirical data evaluated under quantifiable standards.