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Chapter 10. PROTECTION FROM CREDIT DISCR... > The Equal Credit Opportunity Act

The Equal Credit Opportunity Act

Congress enacted the Equal Credit Opportunity Act in 1974 with the intention of protecting and extending the credit rights of women. At that time, many unmarried women had difficulty getting credit without having a co-signer, and many married women found that they needed their husbands to join in on any credit applications. Coverage under the law was later expanded. It now protects people from discrimination in regard to sex, age, marital status, race, color, national origin, or whether you receive public assistance throughout the credit process.

Specifically, the law prohibits creditors from inquiring about


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