Which of the following is a ECOA protected class example?

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Multiple Choice

Which of the following is a ECOA protected class example?

Explanation:
Receipt of public assistance is protected under the Equal Credit Opportunity Act because ECOA prohibits discrimination in any credit transaction based on an applicant’s income source, including public assistance. This means lenders cannot deny credit, or impose less favorable terms, simply because someone relies on public funds. The other options are not ECOA protected classes, as height, eye color, and shoe size are not related to credit decisions and aren’t listed as protected categories under the Act.

Receipt of public assistance is protected under the Equal Credit Opportunity Act because ECOA prohibits discrimination in any credit transaction based on an applicant’s income source, including public assistance. This means lenders cannot deny credit, or impose less favorable terms, simply because someone relies on public funds. The other options are not ECOA protected classes, as height, eye color, and shoe size are not related to credit decisions and aren’t listed as protected categories under the Act.

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