Equal Credit Opportunity Act

E82913

The Equal Credit Opportunity Act is a U.S. federal law that prohibits discrimination in any aspect of a credit transaction on the basis of characteristics such as race, sex, marital status, religion, national origin, age, or receipt of public assistance.

All labels observed (3)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal law
anti-discrimination law
administeredBy Consumer Financial Protection Bureau
Federal Trade Commission
allows class actions
private civil actions
appliesTo credit transactions
creditors
codifiedAt 15 U.S.C. § 1691 et seq.
country United States
covers business credit
consumer credit
enactedBy United States Congress
enforcedBy Consumer Financial Protection Bureau
Federal Trade Commission
federal banking agencies
state attorneys general
implementedByRegulation Regulation B
partOf Consumer Credit Protection Act
permits consideration of age in certain legitimate underwriting circumstances
primaryPurpose prohibit credit discrimination
prohibits credit scoring systems with discriminatory effects
discouraging applicants on a prohibited basis
prohibitsDiscriminationOnBasisOf age
color
exercise of rights under the Consumer Credit Protection Act
marital status
national origin
race
receipt of public assistance
religion
sex
providesFor actual damages
attorney’s fees
equitable and declaratory relief
punitive damages
publicLawNumber Public Law 93-495
RegulationBCodifiedAt 12 C.F.R. Part 1002
relatedTo Fair Credit Reporting Act
Fair Housing Act
Truth in Lending Act
requires collection of monitoring information for certain mortgage applications
notice of adverse action
record retention by creditors
scope any aspect of a credit transaction
shortName ECOA
yearEnacted 1974

How these facts were elicited

Referenced by (13)

Full triples — surface form annotated when it differs from this entity's canonical label.

Community Reinvestment Act relatedTo Equal Credit Opportunity Act
Consumer Financial Protection Bureau enforces Equal Credit Opportunity Act
Housing and Civil Enforcement Section enforces Equal Credit Opportunity Act
Equal Credit Opportunity Act implementedByRegulation Regulation B
linked to: Equal Credit Opportunity Act
Home Mortgage Disclosure Act relatedTo Equal Credit Opportunity Act
Community Reinvestment Act relatedTo Equal Credit Opportunity Act
subject linked to: CRA
HCE Section enforcesLaw Equal Credit Opportunity Act (in coordination with other agencies)
linked to: Equal Credit Opportunity Act
United States financial institutions subjectTo Equal Credit Opportunity Act
Banking Code of the United States includes Equal Credit Opportunity Act
Public Law 94-200 relatedTo Equal Credit Opportunity Act
ECOA fullName Equal Credit Opportunity Act
Public Law 93-495 shortTitle Equal Credit Opportunity Act
Public Law 93-495 contains Equal Credit Opportunity Act