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07/05/2022 02:25 AM
Pennsylvania State Senate
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=S&SPick=20210&cosponId=34541
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Senate of Pennsylvania
Session of 2021 - 2022 Regular Session

MEMORANDUM

Posted: February 4, 2021 09:48 AM
From: Senator Lisa M. Boscola
To: All Senate members
Subject: Protecting LGBTQ Individuals from Discrimination in the Credit Service Industry
 
In the near future, I intend to introduce legislation that will protect LGBTQ individuals from discrimination in the credit service industry.
 
According to researchers at the Ivy College of Business at Iowa State University, national mortgage data examined from 1990 to 2015 found the approval rate for same-sex couples was 3 to 8 percent lower than heterosexual couples. Based on this data, same-sex applicants were 73 percent more likely to be denied and, if approved, paid more in interest and fees.

While mortgage applicants are not required to disclose their sexual orientation, researchers suggest that perception and internal bias is just as damaging in terms of discrimination. The federal Fair Housing and Equal Credit Opportunity Acts prohibit discrimination based on a borrower’s race, gender, marital status, or religion, but neither specifically lists sexual orientation.

My legislation would be a companion bill to House legislation that aims to combat this discrimination by amending Pennsylvania’s Credit Services Act. The bill adds denying credit or increasing charges and fees based on sexual orientation, gender identity or expression as a “prohibited activity” for credit service companies.

I ask that you support me in this legislation and join me in guaranteeing same-sex couples have equal access to credit and creating a fairer, more equitable Pennsylvania.
 



Introduced as SB663