![]() You may also contact the Consumer Financial Protection Bureau at (opens new window) You may submit a complaint against your credit union by contacting the NCUA’s Consumer Assistance Center or call 800.755.1030. If you have experienced credit discrimination, you can do something about it. Offered credit with a higher rate than you applied for, even though you qualify for a lower rate based on advertised requirements.Refused credit even though you qualify for it based on advertised requirements.Lender made negative comments about race, national origin, age, sex (including sexual orientation or gender identity), or other protected statuses.Encouraged or told to apply for a type of loan that has less favorable terms (for example, a higher interest rate).(You will be leaving and accessing a non-NCUA website. The following are some red flags that the CFPB (opens new window) How Can I Protect Myself From Credit Discrimination?Ĭredit discrimination is not always obvious. Familial status, including children under the age of 18 living with a parent or legal custodian, pregnant women, and people securing custody of children under 18.Sex, including sexual orientation or gender identity.Under the Fair Housing Act it is illegal to discriminate based on: Selling, brokering, or appraising residential real estate.Making loans to buy, build, repair, or improve a home.The Fair Housing Act prohibits discrimination in all aspects of “residential real-estate related transactions,” including: Exercising, in good faith, of any right under the Consumer Credit Protection Act.The receipt of income from public assistance.Sex (including sexual orientation and gender identity).The ECOA prohibits discrimination based on: ![]() The Equal Credit Opportunity Act (ECOA) makes it illegal for a creditor to discriminate in any aspect of a credit transaction. What Fair Lending Laws Offer Protection Against Credit Discrimination? Equal Credit Opportunity Act ![]() Learn more about important fair lending laws and how they protect LGBTQ and other individuals from credit discrimination. Pride Month is celebrated each June to commemorate the 1969 Stonewall Uprising and efforts to advance equal justice and equal opportunity, including fair lending, for LGBTQ+ individuals.
0 Comments
Leave a Reply. |