the equal credit opportunity act was passed on 28 october 1974.
when was the equal credit opportunity act passed?
28 october 1974
the equal credit opportunity act (ecoa) is a united states law (codified at et seq.), enacted 28 october 1974, that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract); to the fact that all or part of the applicant's income derives from a public assistance program; or to the fact that the applicant has in good faith exercised any right under the consumer credit protection act. the law applies to any person who, in the ordinary course of business, regularly participates in a credit decision, including banks, retailers, bankcard companies, finance companies, and credit unions.
equal credit opportunity act
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bullet::::- annual report to congress on the equal credit opportunity act – these annual reports by the board of governors of the federal reserve system discuss actions taken in response to the equal credit opportunity act.





























bullet::::- public law 93-495, 93d congress, h.r. 11221: an act to increase deposit insurance from $20,000 to $40,000, to provide full insurance for public unit deposits of $100,000 per account, to establish a national commission on electronic fund transfers, and for other purposes; equal credit opportunity act; fair credit billing act
equal credit opportunity act