The Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, religion, sex, national origin, age, and marital status.

Question

Quizplus · Accepted Answer

This statement is correct. The Equal Credit Opportunity Act was passed in 1974 with the aim of preventing lenders from discriminating against credit applicants based on certain demographic criteria, such as race or gender.

The Equal Credit Opportunity Act Prohibits Creditors from Discriminating Against