Finance
In South Carolina, which federal law requires creditors to inform applicants of the factors considered in evaluating their creditworthiness?
ATILA
BEqual Credit Opportunity Act (ECOA)✓ Correct
CRESPA
DFair Credit Reporting Act (FCRA)
Explanation
ECOA requires creditors to provide adverse action notices explaining why credit was denied, modified, or conditionally approved, and prohibits discrimination based on protected characteristics.
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