In response to credit discrimination, congress passed the equal credit opportunity act. Read below about Equal Credit opportunity.
What is Equal Credit opportunity?
The Equal Credit Opportunity Act (ECOA) is a United States law which was enacted on 28 October 1974.
What is the provision of the Equal Credit Opportunity Act?
The act 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.
Therefore, the correct answer is as given above.
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