🏦 Indiana SB 28

This bill prohibits a financial services provider from discriminating in providing financial services to a consumer by using a social credit score as a basis for directly or indirectly:

1. declining to provide to the consumer full and equal access to one or more financial services; or
2. providing the consumer with one or more financial services on less favorable terms and conditions than would otherwise apply to the consumer if a social credit score were not used.

It defines "social credit score" as any analysis, rating, score, numerical value, or categorization that is derived from, among other things, a consumer's exercise of speech, expression, or assembly. It specifies that the term does not include an analysis that involves a financial services provider's evaluation of any quantifiable risks of a consumer's participation in certain business activities or business associations, if the analysis is based on impartial, financial risk based standards that are:

1. established in advance; and
2. publicly disclosed to customers and potential customers;

by the financial services provider. It provides that if a financial services provider refuses to provide, terminates, or restricts a consumer’s account, the consumer may request an explanation.