Regulation B: What Is the Equal Credit Opportunity Act?

Regulation B: What Is the Equal Credit Opportunity Act? is an elearning course that covers different categories of discrimination creditors may use against loan applicants, and how consumers can protect themselves. The Equal Credit Opportunity Act, or ECOA, implemented by Regulation B, is a federal regulation that forbids all creditors from discriminating against loan applicants based on nine prohibited factors. In this program, we’ll talk about those categories and what exactly is prohibited under the law. We’ll also discuss the rules for taking an application and evaluating its information. Lastly, we’ll discuss consumer rights under Regulation B.

Part of our series on Regulations, this course educates you about loan applicant rights under the ECOA. It includes a video with audio narration and downloadable materials that can be printed for easy reference. A quick quiz is provided to test what you have retained.