The Federal Reserve Board has written a regulation to implement the Equal Credit Opportunity Act, it is:
A) Regulation Z
B) Regulation B
C) Regulation A
D) Regulation J
E) none of the other choices

Question

Quizplus · Accepted Answer

Regulation B is also known as the Equal Credit Opportunity Act (ECOA) and sets out rules regarding the granting of credit by lenders. It prohibits discrimination in credit transactions on the basis of race, color, religion, national origin, sex, marital status, age, and other factors.

The Federal Reserve Board Has Written a Regulation to Implement