<P> The Equal Credit Opportunity Act ( ECOA ) is a United States law ( codified at 15 U.S.C. § 1691 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 . </P>
<P> The Equal Credit Opportunity Act ( ECOA ) is a United States law ( codified at 15 U.S.C. § 1691 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 . </P>
the equal credit opportunity act ( ecoa ) prohibits a lender from discriminating based on
the equal credit opportunity act ( ecoa ) prohibits a lender from discriminating based on
race , color , religion , national origin , sex , marital status , or age
race , color , religion , national origin , sex , marital status , or age