Lending Discrimination Statutes and Regulations

The Equal Credit Opportunity Act (ECOA) prohibits discrimination in any aspect of a credit transaction. It applies to any extension of credit, including extensions of credit to small businesses, corporations, partnerships, and trusts

The Consumer Financial Protection Bureau’s Regulation B, found at 12 CFR part 1002, implements the ECOA. Regulation B describes lending acts and practices that are specifically prohibited, permitted, or required. Official staff interpretations of the regulation are found in Supplement I to 12 CFR part 1002.

• eCFR :: 12 CFR Part 1002 -- Equal Credit Opportunity Act (Regulation B)

“Credit discrimination historically has been and continues to be a pervasive problem in the U.S. Affordable credit is sometimes unavailable to people of color, women, people with disabilities, older adults, and people who identify as LQBTQ+, among others.”

• policybook.aarp.org/policy-book/financial-services/other-financial-services-issues/credit-discrimination

Other Resources:

• 1.6 The Americans with Disabilities Act | Credit Discrimination | NCLC Digital Library
• V. Lending - Equal Credit Opportunity Act (fdic.gov)