The Equal Credit Opportunity Act (ECOA) provides that
A) minorities and women be given special consideration in granting credit.
B) individuals cannot be denied credit because of gender or minority status.
C) the Federal Government guarantees loans made to minorities and women to encourage lending by financial institutions.
D) financial institutions must meet a federal quota for loans to minorities and women,or lose federal deposit insurance protection.
Correct Answer:
Verified
Q2: Which of the following is not usually
Q3: A regular charge account is one
A)that covers
Q4: A revolving credit account
A)allows you to make
Q5: Secured credit cards are
A)issued only to those
Q6: A closed-end credit account
A)is limited to purchases
Q8: Lenders can discriminate against you on the
Q9: Refer to the information above.Under the adjusted
Q10: Under the Truth in Lending Act,your financial
Q11: Under the Fair Credit Reporting Act (FCRA),if
Q12: Which of the following statements is not
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