Current Affairs Information

Equal Credit Opportunity Act

Currently, the ECOA prohibits discrimination in credit based on race, color, religion, national origin, sex, marital status, or age. However, since there is no federal law that consistently protects LGBTQ people from credit discrimination, LGBTQ people can still be denied a mortgage, credit card, student loan, or other type of lending simply because of who they are.

The Freedom from Discrimination in Credit Act would extend the basic protections afforded to other marginalized groups under ECOA to LGBTQ Americans.