Under the Equal Credit Opportunity Act, Creditors May Not Deny

question 30

True/False

Under the Equal Credit Opportunity Act, creditors may not deny credit on the basis of whether the applicant receives public assistance benefits.

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Definitions:

Collaboration

The action of working with someone to produce or create something, especially in a learning or professional context.

Cooperative

An entity or organization owned and operated for the mutual benefit of its members, sharing profits or benefits among participants.

Assertiveness

A communication style in which individuals express their thoughts and feelings in a direct, honest, and respectful way.

Conflict Management

The approach of pinpointing and addressing clashes in a logical, just, and proficient style.