Which federal statutes specifically address fair lending discrimination.

1 answer:

5 0

Consumers are protected under the Fair Housing Act and the Equal Credit Opportunity Act, which ban unfair and discriminatory practices.

<h3>Who passed the Truth in Lending Act?</h3>

A federal law that aids advance consumer awareness, It effectively demands lenders to offer consistent information disclosure loan terms and charges, including details such as the annual percentage rate, length of the loan, and total loan cost, among other things.

Thus, Equal Credit Opportunity Act.

For further details about Truth in Lending Act, click here:

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