Revise laws related to equality in financial services

SB 240, the "Equality in Financial Services Act," prohibits large financial institutions (banks over $100B in assets or payment processors with $100B+ annual transactions) from denying or restricting services based on a person's protected activities, such as religious practice, political speech, business ties to fossil fuels/firearms, or refusal to conduct diversity audits. It requires institutions to provide written reasons for service denials within 30 days, detailing how protected activities influenced the decision. Violations could trigger $10,000 penalties per incident, plus triple damages for willful violations, and allow affected individuals to sue for damages or injunctions. The bill died in committee in May 2025 and did not become law.