Who Regulates the Equal Credit Opportunity Act: Understanding the Authorities and Their Roles
The Equal Credit Opportunity Act (ECOA) is a federal law that prohibits lenders from discriminating against credit applicants based on certain characteristics, such as race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program. The law applies to all creditors, including banks, credit card companies, … Read more