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The Equal Credit Opportunity Act

Question 2

Multiple Choice

The Equal Credit Opportunity Act:


A) is designed to protect consumers from inaccurate credit reporting.
B) requires online ads for free credit reports to disclose whether the consumer must buy credit monitoring or other products or services to get the report.
C) prohibits discrimination in credit transactions on grounds of sex, marital status, race, color, religion, national origin, and age.
D) sets forth basic privacy protections that must be provided by financial institutions and requires them to respect the privacy of their customers' nonpublic personal information.

Correct Answer:

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