In previous eras, it was almost impossible for women and minorities in the United States to get loans from banks and other financial institutions. Which of these was created to help eliminate this discrimination? (1 point) Responses Internal Revenue Service (IRS) Internal Revenue Service (IRS) Fair Credit Reporting Act (FCA) Fair Credit Reporting Act (FCA) Factual Credit Reward Act (FCRA) Factual Credit Reward Act (FCRA) Equal Credit Opportunity Act (ECOA)

Answer 1

The correct response is Equal Credit Opportunity Act (ECOA). This Act was established to eliminate discrimination in lending practices and ensure that all individuals have equal access to credit regardless of gender, race, or other protected characteristics.