The US has the Fair Access to Banking Act trying to do similar things, but it’s been stagnant for 2 years.
This bill places restrictions on certain banks, credit unions, and payment card networks if they refuse to do business with a person who complies with the law. Restrictions include prohibiting the use of electronic funds transfer systems and lending programs, termination of an institution’s depository insurance, and specified civil penalties.
Banks and other specified financial institutions are allowed to deny financial services to a person only if the denial is justified by a documented failure of that person to meet quantitative, impartial, risk-based standards established in advance by the institution. This justification may not be based upon reputational risks to the institution. Banks may also deny services to a person who engaged in rude or harassing conduct toward an employee of the bank.
The bill establishes the right for a person to bring a civil action for a violation of this bill.
EU banks are working on it
https://www.ecb.europa.eu/paym/integration/retail/retail_payments_strategy/html/index.en.html
There’s some sort of SEPA instant payments that come into effect this fall, I think, too.
https://www.ecb.europa.eu/paym/integration/retail/instant_payments/html/instant_payments_regulation.en.html
The US has the Fair Access to Banking Act trying to do similar things, but it’s been stagnant for 2 years.