Ecoa
/ˈiːkoʊə/
Definitions
- (n.) The Equal Credit Opportunity Act, a U.S. federal law that prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
Lenders must comply with the ECOA to ensure fair credit practices.
Forms
- ecoa
- ecoas
Related terms
See also
Commentary
ECOA is often cited in legal contexts concerning consumer credit rights and anti-discrimination enforcement.
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.