Equal Credit Opportunity Act. A law that protects consumers from discrimination on the basis of race, sex, public assistance income, age, marital status, nationality or religion in the credit and lending process.
EQUAL CREDIT OPPORTUNITY ACT. U.S. federal law requiring that lenders afford people equal chance of getting credit without discrimination based on race, religion, age, sex etc
Equal Credit Opportunity Act. A federal act requiring lending institutions to make credit equally available without discrimination based on race, color, creed, religion, national origin, sex, marital status, public assistance income or exercising of rights under the Consumer Credit Protection Act.