Ecoa: Could It Override Your State's Fair Lending Protections?

The equal credit opportunity act. Ecoa prohibits discrimination in any part of a credit transaction because of race, color, religion, national origin, sex, being unmarried, age, having income from public. Among other things, the advisory opinion states that ecoa: Continues to protect borrowers after they have applied for and received credit: Lenders are prohibited from.

The equal credit opportunity act (ecoa) ensures that all consumers are given an equal chance to obtain credit. This doesn't mean all consumers who apply for credit get it. . 9 of regulation b, the implementing regulation for the equal credit opportunity act (ecoa), 15 u. s. c.