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
CNH Industrial N.V. announces signing of a Euro 1.75 billion 5 year committed revolving credit facility
BASILDON, United Kingdom, Nov. 21, 2014 /PRNewswire/ -- Today CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) signed a Euro 1.75 billion 5 year committed revolving credit facility, intended for general corporate purposes of the Company. The facility will replace an existing 3 year Euro 2...Fri, 21 Nov 2014 06:12:00 EST | Read More »
[Marketwired] - VMware, Inc. , the global leader in virtualization and cloud infrastructure, today announced that Pat Gelsinger, VMware's chief executive officer will present as a keynote speaker at the Credit Suisse ...Thu, 20 Nov 2014 21:01:00 GMT | Read More »
Senior emerging market foreign exchange traders both left their roles in recent weeks, regulatory filings showFri, 21 Nov 2014 00:00:00 +0000 | Read More »