DrakeAuto Corp.is an automobile dealer that offers flexible payment plans for its customers.However,DrakeAuto requires its customers over 60 years of age to make the payment in full.In this case,DrakeAuto violates the ______.

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In this case, DrakeAuto Corp. violates the Equal Credit Opportunity Act (ECOA) as it discriminates against its customers on the basis of age by not extending credit to people over 60 years of age. The ECOA prohibits discrimination based on sex, marital status, race, color, age, religion, national origin, or receipt of welfare in any aspect of a consumer credit transaction.