According to the FTC, how does the ECOA empower individuals?

Business

2 answers:

icang [17]3 years ago

5 0

<span>Credit cannot be denied based on unrelated factors.</span>

Musya8 [376]3 years ago

5 0

According to the FTC, how does the ECOA empower individuals? Credit cannot be denied based on unrelated factors.

FTC stands for the Federal Trade Commission and the ECOA stands for Equal Credit Opportunity Act. The ECOA is a law in the United States in regards to credit applications not being discrimated by race, color, religion, national origin, sex, maritial status, or age. The only reason a person should be denied from receiving loans is if they have a low credit score or other factors that directly relate to the reasons credit lenders deny consumers.

You might be interested in

A. atlas

Arada [10]

Answer:

Huh? Ano yung tanong miss?

7 0

3 years ago

Suppose you buy a home and borrow $176,000 using a 30 year mortgage with an annual interest rate of 3.20% (compounded monthly).

kipiarov [429]

Answer:

Explanation:

Rate of interest = 3.2 / 12 = .266667

No of terms = 12 x 30 = 360

amount = 176000

PMT = $ 761.14

Now the instalment is increased by 10% so

the instalment becomes = 761.14 + 76.11

= #837.25

No of years required from table

= 25.74 years.

5 0

3 years ago

Which clause protects proceeds from creditors of the beneficiary?

Inga [223]

The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also, it prevents the beneficiary's reckless spending of benefits.

8 0

3 years ago

Choose the word that best completes this sentence. ________ exist in the ground, air, and bodies of most living things but do no

exis [7]

It seems that you have missed the necessary options for us to answer this question, but anyway here is the answer. BACTERIA <span>exist in the ground, air, and bodies of most living things but do not need a host organism to live and multiply. Hope this answers your question.</span>

4 0

3 years ago

The Nasdaq Composite Index: a. is made of of mainly newer, smaller firms. b. is a price-weighted index. c. is made up of over 50

rodikova [14]

Answer:

A. is made of of mainly newer, smaller firms.

Explanation:

4 0

3 years ago