Lane receives conflicting instructions about fair lending and ECOA — Disparate Impact. Which instruction should control?
Correct Answer
A) Apply the same credit-related standard to all applicants
fair lending requires equal treatment and credit-related standards without prohibited-basis discrimination. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Apply the same credit-related standard to all applicants".
Why This Is the Correct Answer
fair lending requires equal treatment and credit-related standards without prohibited-basis discrimination. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Apply the same credit-related standard to all applicants".
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