The Equal Credit Opportunity Act of 1974

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The Equal Credit Opportunity Act of 1974 prohibited lenders from discriminating against borrowers based on their sex or marital status. This means that banks could no longer deny credit to women simply because of their gender. The act did not require banks to provide loans to women with good credit histories, maintain separate credit histories for married women, or allow women to enter into contracts for major assets, though these changes may have been a result of the act's broader effects.