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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?
Suggested Answer: D
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39 comments · newest first
QU
Quiana
10 months ago
Totally agree, it's great that they included national origin!
BE
Berry
11 months ago
Not sure if all of these are really included, sounds too broad.
CA
Carlee
11 months ago
Wait, public assistance income is covered? That's interesting!
VA
Van
11 months ago
I think all of these bases are included now.
EL
Elliot
11 months ago
ECOA was indeed enacted in 1974!
SC
Scarlet
12 months ago
I’m leaning towards D, "All of these," since it seems like they all relate to preventing discrimination in credit transactions.
SY
Sylvia
12 months ago
I practiced a similar question where public assistance income was mentioned, so I feel like that could be part of the answer too.
ID
Idella
12 months ago
I think national origin was definitely included, but I’m not certain about the others.
ME
Melodie
1 year ago
I remember studying the ECOA, but I'm not completely sure which bases were added in the 1975 amendment.
CA
Casandra
1 year ago
Ah, this is a good one. I remember learning about the ECOA in class. I'm pretty sure the prohibited bases include national origin, exercise of rights under the Consumer Credit Protection Act, and receipt of public assistance income. I'll mark that as my answer.
LA
Lashaunda
1 year ago
Okay, let me see. I know the ECOA was amended in 1975, so the prohibited bases must have been expanded at that time. I think the answer is probably "All of these", but I'll double-check my notes to be sure.
FA
Fatima
1 year ago
Hmm, I'm a little unsure about this one. I know the ECOA prohibits discrimination, but I can't remember all the specific prohibited bases. I'll have to think this through carefully.
GL
Glory
1 year ago
This seems like a straightforward question about the prohibited bases under the ECOA. I'm pretty confident I can answer this correctly.
AN
An
1 year ago
I'm a little confused here. Is it just asking about the KPI, or do we need to explain how we'd use that KPI to determine the impact? I want to make sure I fully understand the question before answering.
WI
Winfred
1 year ago
I believe the key is in the actual attributes of transformational leaders, and following a course at Harvard doesn't really define a super-leader. Option D seems like the odd one out to me!
LO
Lorriane
1 year ago
Individual? That's an interesting choice. I'm not totally confident, but I'll go with that for now.
NI
Nikita
1 year 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?
PH
Phung
1 year ago
D) All of these
BU
Bulah
1 year ago
C) Receipt of public assistance income
NI
Nickolas
1 year ago
B) Exercise of rights under the Consumer Credit Protection Act
DO
Dorian
1 year ago
A) National origin
DE
Deandrea
1 year ago
Hmm, I'm going to go with D) All of these. Can't go wrong with the comprehensive answer, right? *winks*
ME
Melda
1 year ago
User 3: Agreed, D) All of these covers all the bases.
GL
Glen
1 year ago
User 2: Yeah, that seems like the most comprehensive option.
JU
Justine
1 year ago
User 1: I think D) All of these is the best choice.
HA
Halina
1 year 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.
NA
Nancey
1 year 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.
VI
Vicki
1 year ago
D) All of these
KA
Kassandra
1 year ago
C) Receipt of public assistance income
LE
Lewis
1 year ago
B) Exercise of rights under the Consumer Credit Protection Act
JU
Juan
1 year ago
A) National origin
CA
Carmen
1 year 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.
BE
Bernardine
1 year ago
Yes, the ECOA helps protect individuals from unfair treatment in credit transactions.
MI
Mitsue
1 year ago
Discrimination in credit transactions can have serious consequences.
LO
Lon
1 year ago
It's important to ensure equal access to credit for everyone.
MA
Magnolia
1 year ago
I agree, the ECOA prohibits discrimination based on all of those factors.
RH
Rhea
2 years ago
I'm not sure, but it makes sense that all these bases are included to prevent discrimination in credit transactions.
BR
Bronwyn
2 years 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.
BE
Beckie
2 years ago
I think the answer is D) All of these.