Showing posts with label equal credit opportunity act. Show all posts
Showing posts with label equal credit opportunity act. Show all posts

Tuesday, June 13, 2017

Is credit reporting unfair to minorities?

Is credit reporting unfair to minorities?

According to MyFICO.com scoring considers only credit - related information. Factors such as race, gender, nationality and marital status are not included. The Equal Credit Opportunity Act prohibits lenders from considering this type of information when issuing credit.