The Equal Credit Opportunity Act Is Best Described as
Empowering a third person to make a decision for you or calling it a judicial process As it is neither. The Equal Credit Opportunity Act or ECOA is intended to standardize credit lending practices and eliminate prejudicial decisions surrounding credit. Weekly Waterfall Evergreen Financial Tips For Students Families And Seniors Financial Tips Marital Status Financial An unintended benefit of this act is that the better access to credit. . A greater return on investment. It is the purpose of this Equal Credit Opportunity Act to require that financial institutions and other firms engaged in the extension of credit make that credit equally available to all creditworthy customers without regard to sex or marital status. The law applies to any individual who in the customary course of business routinely partakes in a credit choice including banks retailers bankcard. Equal Credit Opportunity Act means the Equal Credit Opportunity...
