Which act prohibits discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because a person receives public assistance?

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Multiple Choice

Which act prohibits discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because a person receives public assistance?

Discrimination in credit transactions based on protected characteristics is prohibited by the Equal Credit Opportunity Act. ECOA protects race, color, religion, national origin, sex, marital status, age, and whether the applicant receives public assistance, ensuring lenders evaluate creditworthiness rather than stereotypes. The other laws mentioned address different areas—Fair Housing Act covers housing discrimination, Truth in Lending Act focuses on loan disclosures, and the Consumer Financial Protection Act creates and empowers the CFPB without listing these specific lending-prohibition bases. So the act that directly bans this kind of discrimination in credit is the Equal Credit Opportunity Act.

Discrimination in credit transactions based on protected characteristics is prohibited by the Equal Credit Opportunity Act. ECOA protects race, color, religion, national origin, sex, marital status, age, and whether the applicant receives public assistance, ensuring lenders evaluate creditworthiness rather than stereotypes. The other laws mentioned address different areas—Fair Housing Act covers housing discrimination, Truth in Lending Act focuses on loan disclosures, and the Consumer Financial Protection Act creates and empowers the CFPB without listing these specific lending-prohibition bases. So the act that directly bans this kind of discrimination in credit is the Equal Credit Opportunity Act.

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