Consumer Finance Corporation (CFC) extends credit to consumers. CFC is subject to the Equal Credit Opportunity Act, which prohibits credit discrimination based on

Question

Consumer Finance Corporation (CFC) extends credit to consumers. CFC is subject to the Equal Credit Opportunity Act, which prohibits credit discrimination based on​

Quizplus · Accepted Answer

The Equal Credit Opportunity Act prohibits credit discrimination based on race. It is illegal to deny someone credit or charge them more for credit based on their race or ethnicity. Discrimination based on intelligence, education, or income is not explicitly prohibited under this act.

Consumer Finance Corporation (CFC) Extends Credit to Consumers