Urban Loan Company extends credit to consumers. Urban is subject to the Equal Credit Opportunity Act, which prohibits credit discrimination based on

Question

Urban Loan Company extends credit to consumers. Urban 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 gender, as well as other factors such as race, religion, marital status, and age. The Act requires that all credit applicants be evaluated based on their creditworthiness, rather than personal characteristics or traits.

Urban Loan Company Extends Credit to Consumers