Finance
In South Carolina, which federal act prohibits discrimination in credit transactions based on race, sex, national origin, and other protected characteristics?
AFair Housing Act
BEqual Credit Opportunity Act (ECOA)✓ Correct
CCommunity Reinvestment Act (CRA)
DHome Mortgage Disclosure Act (HMDA)
Explanation
ECOA prohibits credit discrimination based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. In real estate, it applies to mortgage lending decisions.
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