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Yasser Khedr
on Nov 21, 2024

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Under the Equal Credit Opportunity Act, creditors may not deny credit on the basis of whether the applicant receives public assistance benefits.

Equal Credit Opportunity Act

A U.S. law that prohibits discrimination by lenders against any applicant, with respect to any aspect of a credit transaction, based on race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.

Public Assistance

Government programs designed to provide financial aid or services to individuals and families in need.

  • Recognize the rights of consumers under specific acts like the Equal Credit Opportunity Act and the Truth in Lending Act.
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Audissey SadlowskiNov 23, 2024
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