The Equal Credit Opportunity Act (ECOA) is enforced by

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Multiple Choice

The Equal Credit Opportunity Act (ECOA) is enforced by

Explanation:
Enforcement of ECOA is handled by the Consumer Financial Protection Bureau because this agency oversees consumer financial protection and fair lending practices across most lenders. The CFPB has authority to investigate, enforce, and pursue actions when discrimination in credit occurs, ensuring lenders comply with ECOA’s provisions. HUD deals with housing discrimination under the Fair Housing Act, which is a related but separate law from ECOA. While the FTC has a broad consumer protection role, the current framework designates the CFPB as the primary enforcer of ECOA.

Enforcement of ECOA is handled by the Consumer Financial Protection Bureau because this agency oversees consumer financial protection and fair lending practices across most lenders. The CFPB has authority to investigate, enforce, and pursue actions when discrimination in credit occurs, ensuring lenders comply with ECOA’s provisions. HUD deals with housing discrimination under the Fair Housing Act, which is a related but separate law from ECOA. While the FTC has a broad consumer protection role, the current framework designates the CFPB as the primary enforcer of ECOA.

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