In previous eras, it was almost impossible for women and minorities in the United States to get loans from banks and other financial institutions. Which of these was created to help eliminate this discrimination?
The correct answer is D. Equal Credit Opportunity Act (ECOA). This Act was created to help eliminate discrimination based on gender, race, religion, national origin, marital status, or age in the granting of credit. It prohibits lenders from discriminating against applicants on these grounds and ensures that all individuals have equal access to credit opportunities.
The correct answer is D. Equal Credit Opportunity Act (ECOA). The ECOA was created to help eliminate discrimination in lending based on a person's race, color, religion, national origin, sex, marital status, or age. It prohibits lenders from denying credit or offering different terms based on these factors. To verify this answer, you can research the ECOA and its purpose, or look for information on how it addresses discrimination in the lending industry towards women and minorities.
