The Equal Credit Opportunity Act makes it illegal for a creditor to take into account the income of a person who applies for credit.

Question

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The Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive public assistance. However, creditors are allowed to consider an applicant's income when making a credit decision.

The Equal Credit Opportunity Act Makes It Illegal for a Creditor