OK HB3172

Creates the "Fair Banking Act" prohibiting large financial institutions (banks with over $100 billion in assets or payment processors handling over $100 billion in annual transactions) from discriminating against customers based on their religious practices, protected speech, political activity, or participation in lawful economic activity

Requires financial institutions to provide a specific written statement of reasons within 30 days when a customer requests explanation for any adverse action (denial, termination, or restriction of services), with generic explanations citing "internal policies" deemed insufficient

Establishes civil remedies allowing harmed persons to recover actual damages or $10,000 per violation (whichever is greater), with up to triple damages ($30,000 minimum) for willful violations, plus attorney fees and injunctive relief

Designates violations as unfair or deceptive practices under the Oklahoma Consumer Protection Act, enabling enforcement by the Attorney General in addition to private civil actions

Effective date of November 1, 2026; passed the Oklahoma House of Representatives on March 10, 2026