Credit can be denied solely on the basis of race.

Name: Credit can be denied solely on the basis of race.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

It is illegal to deny credit solely on the basis of race under the Equal Credit Opportunity Act (ECOA). Lenders must evaluate credit applications based on factors such as credit history, income, and debt-to-income ratio, not race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.

Credit Can Be Denied Solely on the Basis of Race