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
After 25 years of ranking beaches, the professor known as "Dr. Beach" is starting his list of best beaches over from scratch in 2016. And he'll be giving extra credit to beaches that ban smoking.Fri, 04 Sep 2015 14:07:05 Z | Read More »
This newly renovated hotel is close to the theme parks as well as an easy walk to I-Drive restaurants and attractions.Through Dec. 17Fri, 04 Sep 2015 16:52:00 GMT | Read More »
(Reuters) - A district court judge has asked Credit Suisse Group AG to pay $287.5 million in damages to an affiliate of Highland Capital Management, as part of a long drawn breach of contract case.Sat, 05 Sep 2015 01:37:41 GMT | Read More »
A judge on Friday said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero’s hedge-fund firm in its multipronged fight against the Swiss bank over luxury developments.Fri, 04 Sep 2015 19:37:00 EDT | Read More »