American Bankers Association Exam CRCM Topic 10 Question 94 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 94
Topic #: 10

[All CRCM Questions]

The Equal Credit Opportunity Act (ECOA) was enacted in 1974 to prevent discrimination in credit transactions. In 1975 the act was amended. Which of the following prohibited base/s are now included in it?

ANational origin

BExercise of rights under the Consumer Credit Protection Act

CReceipt of public assistance income

DAll of these

Show Suggested Answer

Suggested Answer: D

by Lottie at Aug 06, 2024, 09:56 PM

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Halina

D) All of these sounds right to me. I remember learning about the ECOA and how it covers a wide range of protected bases.

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Carmen

5 days ago

I think the answer is D) All of these. The ECOA prohibits discrimination based on national origin, exercise of rights under the Consumer Credit Protection Act, and receipt of public assistance income.

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Rhea

19 days ago

I'm not sure, but it makes sense that all these bases are included to prevent discrimination in credit transactions.

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Bronwyn

24 days ago

I agree with Beckie, because the ECOA prohibits discrimination based on national origin, exercise of rights under the Consumer Credit Protection Act, and receipt of public assistance income.

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Beckie

25 days ago

I think the answer is D) All of these.

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