Title VII Loophole Allowing Bank Discrimination May be Soon be Closed

As our country reconciles inequity in the law, The Fair Access to Financial Services Act, introduced last week, prohibits discrimination by banks, closing a gaping loophole.  Title VII subjects only certain businesses to its prohibitions, such as movie theaters, restaurants and hotels, allowing banks to treat customers differently.  While many states prohibit bank discrimination, the disparity necessitates a federal fix.