ComplianceOnline

Equal Credit Opportunity Act 1974

  • By: www.fdic.gov
  • Date: September 30, 2011
Webinar All Access Pass Subscription Abstract:

The Equal Credit Opportunity Act was a consumer protection legislation enacted in 1974, which aims to give all bona fide, legal individuals the opportunity to apply for loans from banks and other financial institutions. The Act makes it illegal to discriminate against any individual on grounds that don’t directly relate to their creditworthiness.

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