It calls for an evaluation of all pending proceedings under the Equal Credit Opportunity Act (ECOA), which was first passed ...

The Equal Credit Opportunity Act prohibits discrimination in credit transactions. Under the ECOA, borrowers have the right to know why their credit application was rejected. If you suspect you're ...

This holding represents a major departure from the prior Townstone decision, which utilized a plain text reading of ECOA to determine that Congress intended to limit the scope of this law to ...

Nick Youngson / Alpha Stock Images / CC by SA-3.0 Under the Equal Credit Opportunity Act (ECOA), lenders must provide the main reasons for denying credit or taking adverse action against an applicant.