In a brokerage workshop in Phoenix, a case study involving Morgan Flores and Casey Patel matches the following definition: A federal law prohibiting credit discrimination based on protected characteristics such as race, color, religion, national origin, sex, marital status, age, receipt of public assistance, or exercise of consumer credit rights. Which term best fits the case study?
Correct Answer
D) Equal Credit Opportunity Act (ECOA)
Equal Credit Opportunity Act (ECOA) is correct because the facts match a federal law prohibiting credit discrimination based on protected characteristics such as race, color, religion, national origin, sex, marital status, age, receipt of public assistance, or exercise of consumer credit rights. That is the best description of the relationship, right, or legal concept tested here.
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