Disability In Credit/Insurance
Lending Discrimination Statutes and Regulations
The Equal Credit Opportunity Act (ECOA) prohibits discrimination in any aspect of a credit transaction. It applies to any extension of credit, including extensions of credit to small businesses, corporations, partnerships, and trusts
The Consumer Financial Protection Bureau’s Regulation B, found at 12 CFR part 1002, implements the ECOA. Regulation B describes lending acts and practices that are specifically prohibited, permitted, or required. Official staff interpretations of the regulation are found in Supplement I to 12 CFR part 1002.
“Credit discrimination historically has been and continues to be a pervasive problem in the U.S. Affordable credit is sometimes unavailable to people of color, women, people with disabilities, older adults, and people who identify as LQBTQ+, among others.”
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