LA HB418

Prohibits large financial institutions (banks with over $100 billion in assets or payment processors handling over $100 billion annually) from discriminating against customers based on religious exercise, political speech, refusal to adopt greenhouse gas emission targets, refusal to conduct diversity audits, refusal to facilitate abortions or gender transitions, or involvement in fossil fuel or firearms industries

Requires financial institutions to provide a written statement of specific reasons within 30 days when a customer requests explanation for service denial, termination, or restriction, with requests allowed within 90 days of adverse action

Establishes civil penalties of $10,000 per violation (or actual damages if greater), with damages tripled up to $30,000 for willful violations, plus attorney fees for prevailing plaintiffs

Prohibits financial institutions from conspiring or coordinating with others to engage in discriminatory practices or providing false information in required adverse action statements

Classifies violations as unfair or deceptive trade practices under existing Louisiana consumer protection law (R.S. 51:1405), allowing for injunctive relief and other remedies