Enacting this law would ensure that all companies have equal charges/fees for all customers regardless of their customer’s financial position.
This law would prohibit the following; financial institutions applying charges/fees/policies to non-premium account holders and not applying the same to their premium high balance account holders, the requirement of customers to start/maintain a minimum balance in order to have access to investment,retirement or high-yield accounts.
This law would prohibit any company from assessing any type of charge/fee to one group and not another group when both receive the same/similar product/service.
Penalties for violation would mirror current anti-discrimination laws including the right to pursue civil legal action.