Equal Credit Opportunity Act (ECOA)

This course provides a comprehensive overview of the Equal Credit Opportunity Act (ECOA) and its role in promoting fair and equitable access to credit. You will begin with ECOA fundamentals and prohibited discrimination, building awareness of the Act’s purpose, scope, protected classes, and the different forms discrimination may take in lending decisions. The course then moves into the application process and disclosure requirements, focusing on how to appropriately manage applicant information, collect government monitoring data, deliver appraisal reports, and issue compliant adverse action notices within required timelines. Emphasis is placed on applying these requirements consistently across consumer and business credit scenarios. Finally, you will explore compliance management, including recordkeeping obligations, retention periods, self-testing practices, corrective action procedures, and enforcement considerations. Through practical examples, interactive activities, and scenario-based assessments, you will strengthen your ability to recognize risk, apply regulatory requirements accurately, and support compliant lending practices. By the end of the course, you will be prepared to uphold ECOA standards while helping your organization maintain regulatory compliance and consumer trust.