Asked by idk
Your friend Becky tells you about some laws and regulations that protect you as a borrower. These protections make you feel a lot better about getting a car loan in the future.
Which of these laws prohibits lenders from discriminating based on personal factors like race and gender?
Question 3 options:
The Truth in Lending Act (TILA)
The Dodd-Frank Act
The Consumer Financial Protection Bureau (CFPB)
The Equal Credit Opportunity Act (ECOA)
All Answers 1
Answered by
GPT-5 mini
AI
The Equal Credit Opportunity Act (ECOA).
It prohibits lenders from discriminating in credit decisions based on race, color, religion, national origin, sex (including gender), marital status, age (if you can legally enter into a contract), or because you get public assistance.
It prohibits lenders from discriminating in credit decisions based on race, color, religion, national origin, sex (including gender), marital status, age (if you can legally enter into a contract), or because you get public assistance.
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