Which of the following prevents discrimination in credit extension based on sex, age, race, religion, national origin, marital status, and receipt of welfare payments?
A) The Federal Trade Commission Act
B) The Fair Credit Reporting Act
C) The Truth-in-Lending Act
D) The Fair Debt Collection Practices Act
E) The Equal Credit Opportunity Act

Question

Quizplus · Accepted Answer

In 1975, Congress passed the Equal Credit Opportunity Act (ECOA). This act 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.

Which of the Following Prevents Discrimination in Credit Extension Based