The Equal Credit Opportunity Act is limited to regulating applications for credit,but not to the charging of higher interest rates based on the race of the consumer.

Name: The Equal Credit Opportunity Act is limited to regulating applications for credit,but not to the charging of higher interest rates based on the race of the consumer.
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Question

Quizplus · Accepted Answer

It applies both the denying applications and charging higher rates based on discriminatory factors.

The Equal Credit Opportunity Act Is Limited to Regulating Applications