Consumer Financial Corporation (CFC) extends credit to consumers. CFC is subject to the Equal Credit Opportunity Act, which prohibits credit discrimination based on
a. educational achievement.
b. income.
c. marital status.
d. unfavorable credit reports.
2007-10-29 13:08:30 · 4 answers · asked by southernbelle540 1 in Politics & Government ➔ Law & Ethics
c
2007-10-29 14:15:32 · answer #1 · answered by raichasays 7 · 0⤊ 0⤋
I would say a. and c. Income is a valid reason to deny credit (if you can't afford the payments, you should not get the loan). Unfavorable credit reports are the PRIMARY reason to deny most loans. I don't know why a lender would CARE about educational achievement.
2007-10-29 20:29:23 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
C
Just an educated guess. You can definitely discriminate between bad credit, income and education, so must be marital status.
2007-10-29 20:14:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
c
All others are valid reasons to deny/limit credit for this agency.
2007-10-29 20:12:20 · answer #4 · answered by jglick1999 4 · 1⤊ 0⤋