Credit Discrimination
/ˈkrɛdɪt dɪskrɪˌmɪneɪʃən/
Definitions
- (n.) The unlawful or unfair treatment of individuals or groups in extending credit based on prohibited criteria such as race, gender, or age.
The bank was sued for credit discrimination after denying loans to applicants from a certain ethnic group.
Forms
- credit discrimination
Related terms
See also
Commentary
When drafting or analyzing policies, it's important to specify prohibited bases of discrimination under relevant laws like the Equal Credit Opportunity Act.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.