EthicsQuestion 337 of 400
Under ECOA, discrimination is prohibited in:
a.Only the interest rate charged
b.Only the decision to approve or deny
c.Only advertising
d.Any aspect of a credit transaction, from application through servicing and collection
Explanation
ECOA prohibits discrimination in any aspect of a credit transaction, including application, evaluation, terms, servicing, and collection. Limiting it to only the rate, only the approval decision, or only advertising understates the statute's full reach.
Law Reference: ECOA / Regulation BPractice all 400 questions free — no signup required.
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