MINOT, N.D. (KMOT) - It’s been 50 years since women have been able to get loans and credit cards without a man’s signature thanks to the Equal Credit Opportunity Act. Shirley McMillan applied ...

As a result of her efforts, Congress passed the Equal Credit Opportunity Act (ECOA) on October 28,1974, making it illegal for banks to discriminate in lending based on sex or marital status.

The federal agency says that even if lenders are using alternative, complex technology to underwrite applications, the stipulations under the Equal Credit Opportunity Act that a creditor provide ...

The Mortgage Firm agreed to pay $1.75 million to settle a lawsuit alleging that the company engaged in lending discrimination ...

The Consumer Financial Protection Bureau issued separate policy statements on "sandbox approvals" and no-action letters for ...

The Mortgage Firm, a Florida-based mortgage lender, has agreed to invest $1.5 million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday.

What Happened? On November 29, 2024, the Federal Housing Finance Agency (“FHFA”) released Advisory Bulletin AB 2024-06 (the “Advisory ...