Finance
What does the Equal Credit Opportunity Act (ECOA) prohibit?
ACharging different interest rates
BDiscriminating in credit decisions based on race, color, religion, national origin, sex, marital status, age, or public assistance✓ Correct
CDenying credit based on income
DRequiring co-signers
Explanation
ECOA prohibits credit discrimination based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. It applies to all aspects of a credit transaction.
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