Equal Credit Opportunity Act: Your Right to Credit
Aside from prohibiting creditors to discriminate against the above-mentioned factors, you also have the right to know why you are denied credit, and you are entitled to have public assistance considered in the same manner as other income.
Companies Under the Equal Credit Opportunity Act
Basically, everyone that takes part in deciding who gets granted credit, are mandated by this act. These companies and individuals include credit card companies, banks, credit unions, financial institutions, retail stores, department stores, and even real estate brokers who handle financing. This law doesn’t stop at individual consumers, though. It also protects businesses applying for loans.
Latest Credit News
Share With Friends: | | Business - Finance - Ipos News, RSS and RSS Feed via Feedzilla.Wed, 19 Nov 2014 21:15:00 +0100 | Read More »
[Business Wire] - Boingo Wireless, Inc. , the leading DAS and Wi-Fi provider that serves consumers, carriers and advertisers worldwide, today announced that Peter Hovenier, Chief Financial Officer, will participate in the Credit Suisse 18th Annual Technology Conference, to be held December 1-4, 2014 at the Phoenician Hotel in Scottsdale, AZ.Tue, 25 Nov 2014 21:01:00 GMT | Read More »
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