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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Nikita

1 months ago

D) All of the above, for sure. I'd be shocked if the ECOA didn't cover all those bases. Gotta keep those credit decisions fair, you know?

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Nickolas

9 days ago

B) Exercise of rights under the Consumer Credit Protection Act

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Dorian

14 days ago

A) National origin

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Deandrea

1 months ago

Hmm, I'm going to go with D) All of these. Can't go wrong with the comprehensive answer, right? *winks*

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Glen

4 days ago

User 2: Yeah, that seems like the most comprehensive option.

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Justine

5 days ago

User 1: I think D) All of these is the best choice.

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Halina

2 months ago

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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Nancey

3 days ago

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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Vicki

4 days ago

D) All of these

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Kassandra

5 days ago

C) Receipt of public assistance income

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Lewis

6 days ago

B) Exercise of rights under the Consumer Credit Protection Act

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Juan

8 days ago

A) National origin

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Carmen

2 months 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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Bernardine

17 days ago

Yes, the ECOA helps protect individuals from unfair treatment in credit transactions.

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Mitsue

18 days ago

Discrimination in credit transactions can have serious consequences.

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Lon

19 days ago

It's important to ensure equal access to credit for everyone.

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Magnolia

1 months ago

I agree, the ECOA prohibits discrimination based on all of those factors.

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Rhea

2 months 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

3 months 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

3 months ago

I think the answer is D) All of these.

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