Mitigating the Risks Associated With The Equal Credit Opportunity Act

Recent developments in the interpretation and enforcement of the Equal Credit Opportunity Act (ECOA) appear to have increased the scope of who the ECOA applies to and what prohibitions it includes. There are many potential legal and monetary consequences in place for violating the ECOA. The full LexisNexis Practical Guidance^® Practice Note, “Mitigating the Risks Associated With The Equal Credit Opportunity Act,” reviews the legal and monetary consequences of violating the ECOA and provides recommendations for how to comply and promote fair lending practices. (login required)