Finance
Which federal law prohibits lenders from discriminating in lending based on race, color, religion, national origin, sex, marital status, or age?
AFair Housing Act
BEqual Credit Opportunity Act (ECOA)✓ Correct
CCommunity Reinvestment Act
DHome Mortgage Disclosure Act (HMDA)
Explanation
The Equal Credit Opportunity Act (ECOA) and Regulation B prohibit lenders from discriminating in credit decisions based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
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