Equal Credit Opportunity Act
Courtney and Megan
What happened before the act was passed?
Creditors were able to discriminate applicants due to their personal beliefs.
Creditors cannot ask you for your sex, race, national origin, marital status, if you are or have received support payments, or have received public assistance,
Was there a specific incident that led to this act?
The answer is, no; people filed complaints for many years, and nothing was done until 1973 when they began to write the act. The act was then finished in 1974.