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American Bankers Association Exam CRCM Topic 10 Question 94 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 94
Topic #: 10
[All CRCM Questions]

The Equal Credit Opportunity Act (ECOA) was enacted in 1974 to prevent discrimination in credit transactions. In 1975 the act was amended. Which of the following prohibited base/s are now included in it?

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Suggested Answer: D

by Lottie at Aug 06, 2024, 09:56 PM

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Nikita
17 days ago
D) All of the above, for sure. I'd be shocked if the ECOA didn't cover all those bases. Gotta keep those credit decisions fair, you know?
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Deandrea
22 days ago
Hmm, I'm going to go with D) All of these. Can't go wrong with the comprehensive answer, right? *winks*
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Halina
1 months ago
D) All of these sounds right to me. I remember learning about the ECOA and how it covers a wide range of protected bases.
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Carmen
1 months ago
I think the answer is D) All of these. The ECOA prohibits discrimination based on national origin, exercise of rights under the Consumer Credit Protection Act, and receipt of public assistance income.
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Bernardine
1 days ago
Yes, the ECOA helps protect individuals from unfair treatment in credit transactions.
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Mitsue
2 days ago
Discrimination in credit transactions can have serious consequences.
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Lon
3 days ago
It's important to ensure equal access to credit for everyone.
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Magnolia
20 days ago
I agree, the ECOA prohibits discrimination based on all of those factors.
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Rhea
2 months ago
I'm not sure, but it makes sense that all these bases are included to prevent discrimination in credit transactions.
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Bronwyn
2 months ago
I agree with Beckie, because the ECOA prohibits discrimination based on national origin, exercise of rights under the Consumer Credit Protection Act, and receipt of public assistance income.
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Beckie
2 months ago
I think the answer is D) All of these.
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