![]() Under ECOA, a lender may not, because of a prohibited factor: It applies to any extension of credit, including extensions of credit to small businesses, corporations, partnerships, and trusts. 4 Discriminatory Credit Practices DefinedĮCOA prohibits discrimination in any aspect of a credit transaction. The NCUA has prepared this letter to summarize general nondiscrimination requirements and signal fair lending risk areas related to marital status, age, income consideration, redlining, and indirect lending. The NCUA is committed to ensuring that all consumers have access to safe, fair, and affordable credit granted in compliance with applicable consumer protections and other requirements. ![]() 2 Additionally, ECOA requires the NCUA to refer certain violations to the U.S. The National Credit Union Administration (NCUA) supervises for compliance with and enforces ECOA with respect to federal credit unions that have $10 billion or less in total assets. 1 ECOA prohibits creditor practices that discriminate on the basis of any of these factors. (ECOA) promotes the availability of credit to all creditworthy applicants without regard to race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract) to the fact that all or part of the applicant’s income derives from a public assistance program or to the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act. (You will be leaving and accessing a non-NCUA website. The Equal Credit Opportunity Act (opens new window) Dear Boards of Directors and Chief Executive Officers:
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