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?

ANational origin

BExercise of rights under the Consumer Credit Protection Act

CReceipt of public assistance income

DAll of these

Show Suggested Answer

Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Rhea

10 days ago

I'm not sure, but it makes sense that all these bases are included to prevent discrimination in credit transactions.

upvoted 0 times

...

Bronwyn

15 days 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.

upvoted 0 times

...

Beckie

16 days ago

I think the answer is D) All of these.

upvoted 0 times

...