Equal Credit Opportunity Act (Reg B)


Explains the prohibited bases for evaluating an application and required notifications, and other bank compliance issues, including the requirements for reporting credit information, record keeping, and the consequences of noncompliance.

Reviewed: November 2017 (no changes necessary)
Re-versioned: Nov. 2015​

Learning Objectives

After completing this course, students will be able to:

  • Explain the purpose of ECOA and what it covers
  • Identify the point at which an inquiry turns into an application and what applicant requests are prohibited
  • Describe what banks must do to comply with ECOA when processing and evaluating credit applications
  • Identify reporting and record keeping requirements, as well as the consequences of noncompliance

Audience

Bank personnel involved in the process of gathering information for credit transactions.

​Course Credits

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​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 

ABA Member • $95
Non-Member • $130

 

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