The Equal Credit Opportunity Act (ECOA) was enacted in 1974 to prevent discrimination in credit transactions. In 1975 the act was amended. Which of the following prohibited base/s are now included in it?

Question

Quizplus · Accepted Answer

All of these prohibited bases - national origin, exercise of rights under the Consumer Credit Protection Act, and receipt of public assistance income - are now included in the Equal Credit Opportunity Act (ECOA) as of its amendment in 1975.

The Equal Credit Opportunity Act (ECOA) Was Enacted in 1974