Equal Credit Opportunity Act. The ECOA was passed in 1974. It prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, and other factors. The CFPB has rulemaking authority for the ECOA. The CFPB and the federal banking agencies, and other federal agencies, have the authority to ensure compliance with the ECOA.

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