![]() The Equality Act would provide consistent and explicit non-discrimination protections for LGBTQ+ people across key areas of life, including employment, housing, credit, education, public spaces and services, federally funded programs, and jury service. The need for these protections is clear-nearly two-thirds of LGBTQ+ Americans report having experienced discrimination in their personal lives.Įveryone should have a fair chance to provide a home for their families and access essential services without fear of harassment or discrimination. But federal law does not explicitly provide non-discrimination protections based on sexual orientation or gender identity. Our nation’s civil rights laws protect people on the basis of race, color, national origin, and in most cases, sex, disability, and religion. The patchwork nature of state non-discrimination laws and the lack of permanent, comprehensive federal non-discrimination laws leave millions of people subject to uncertainty and potential discrimination that impacts their safety, their families, and their day-to-day lives. " 12 CFR Part 1002 (Regulation B).Despite significant steps forward, lesbian, gay, bisexual, transgender, and queer (LGBTQ+) Americans continue to experience discrimination across the country. " What You Need To Know About The Equal Credit Opportunity Act and How It Can Help You: Why It Was Passed and What It Is."Ĭonsumer Financial Protection Board. Attorney Settles Lending Discrimination Suit Against JPMorgan Chase for $53 Million."Ĭonsumer Financial Protection Bureau. “ Justice Department Reaches Settlement With Wells Fargo Resulting in More Than $175 Million in Relief for Homeowners to Resolve Fair Lending Claims.” " Submit a Complaint."įederal Trade Commission. “ Find My AG.”Ĭonsumer Financial Protection Bureau. National Association of Attorneys General. “ What Protections Do I Have Against Credit Discrimination?” " 12 CFR Part 1002 (Regulation B)."Ĭonsumer Financial Protection Bureau. " CFPB Consumer Laws and Regulations, ECOA."Ĭonsumer Financial Protection Board. What Can I do?"Ĭonsumer Financial Protection Board. " My Credit Application Was Denied Because of My Credit Report. " What Happens to Your Credit When You Get Married?"Ĭonsumer Financial Protection Board. " § 1002.13 Information for Monitoring Purposes."Ĭapital One. " Your Equal Credit Opportunity Rights."Ĭode of Federal Regulations. ![]() " Policy Statement on Discrimination in Lending."įederal Trade Commission. " Providing Equal Credit Opportunities (ECOA)."įederal Deposit Insurance Corporation. ![]() " What You Need to Know About the Equal Credit Opportunity Act and How It Can Help You: Why It Was Passed and What It Is."Ĭonsumer Financial Protection Bureau. ![]() United States Code. " 15 USC Chapter 41, Subchapter IV: Equal Credit Opportunity."Ĭonsumer Financial Protection Bureau. It prohibits creditors and lenders from considering factors that are unrelated to creditworthiness-specifically, the following protected classes: The act, as implemented by Regulation B, states that individuals applying for loans and other credit can be evaluated only using factors directly related to their creditworthiness. The Equal Credit Opportunity Act was enacted in 1974 and is detailed in Title 15 of the United States Code. How the Equal Credit Opportunity Act (ECOA) Works The Consumer Financial Protection Bureau (CFPB) enforces ECOA for banks, savings associations, and credit unions holding more than $10 billion in assets.The Department of Justice can file lawsuits under ECOA (and the Fair Housing Act, if the discrimination involves mortgages) where there is a pattern or practice of discrimination.ECOA makes it illegal for lenders to discriminate based on race, color, religion, national origin, sex, marital status, age, the receipt of public assistance, and the applicant's exercise of specific consumer protection laws.The Equal Credit Opportunity Act (ECOA) was signed into law in 1974 and prohibits lending discrimination in all aspects of a credit transaction. ![]()
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