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What Does the Equal Credit Opportunity Act (ECOA) Do?

April 26, 2017ACT credit ecoa opportunity

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What Does the Equal Credit Opportunity Act (ECOA) Do?

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In the past some creditors may not have dealt fairly, when it comes to extending credit to some consumers based on certain criteria. Today, however it is illegal to discriminate and deny credit to anyone just because they fall into a specific sector of society.