Regulation B: What Is the Equal Credit Opportunity Act?
8 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
The Equal Credit Opportunity Act, implemented by Regulation B, bars creditors from discriminating against applicants on prohibited grounds. This course explains the rules.
What this course covers:
- The nine prohibited bases for credit discrimination
- What Regulation B forbids in lending
- Rules for taking and evaluating applications
- Consumer rights under Regulation B
Designed for lenders, loan officers, and financial compliance teams.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course covers the nine prohibited bases for credit discrimination under Regulation B, the rule implementing the Equal Credit Opportunity Act, giving lenders a specific list of grounds creditors may not use against applicants during any part of the lending process.
It explains what Regulation B forbids in lending, framing the Equal Credit Opportunity Act's core rule that creditors cannot discriminate against applicants on any of the nine prohibited grounds the course walks through in detail.
The course covers rules for taking and evaluating applications, giving loan officers a working sense of how Regulation B shapes the application process itself, not just the final lending decision that comes at the end of underwriting.
This course covers consumer rights under Regulation B, rounding out the applicant-side view of the Equal Credit Opportunity Act alongside the restrictions the same regulation places on creditors during the taking and evaluation of applications.
The course is designed for lenders, loan officers, and financial compliance teams who need to apply the Equal Credit Opportunity Act's prohibited-basis rules to real lending decisions, application handling, and consumer rights obligations that Regulation B sets out.
