What Title of the Consumer Credit Protection Act does the Equal Credit Opportunity Act (ECOA) represent?

The Equal Credit Opportunity Act (ECOA) is encapsulated within Title VII of the Consumer Credit Protection Act. This legislative act was aimed at prohibiting discrimination in any aspect of a credit transaction, ensuring that all individuals have equal access to credit regardless of race, color, religion, national origin, sex, marital status, or age. Title VII emphasizes the importance of fairness and equality in lending practices, which is a foundational principle in promoting consumer rights and preventing discriminatory practices.

The titles of the Consumer Credit Protection Act encompass different aspects of consumer credit rights and regulations. Titles IV and V address other matters within consumer credit, such as truth in lending and disclosure requirements; hence, they do not pertain to credit discrimination like the ECOA does. Title VI deals with additional consumer protections rather than directly addressing credit opportunities. Thus, Title VII is the correct designation for the ECOA, as it specifically focuses on ensuring equal credit opportunities for all borrowers.