IA HF922

Prohibits financial institutions (banks with over $100 billion in assets, payment processors handling over $100 billion annually, and their affiliates) from using "social credit scores" to deny, restrict, or terminate financial services

Defines "social credit score" as evaluations based on a person's protected speech, religious exercise, political associations, status as an elected official, business dealings with firearms/ammunition manufacturers or oil/gas companies, or refusal to adopt voluntary greenhouse gas targets or diversity quotas

Requires financial institutions to provide a written explanation within 14 business days if requested by a customer whose services were refused, restricted, or terminated, including the specific terms of service and conduct that prompted the decision

Authorizes the Attorney General to bring civil enforcement actions seeking injunctive relief, damages, restitution, or other compensation on behalf of state residents

Allows harmed individuals to sue for actual damages up to $10,000, or up to $30,000 (treble damages) plus attorney fees and court costs if the violation was willful