Equal Credit Opportunity Act (ECOA) Foundation Course

Unlock Fair Lending Success: Master the Equal Credit Opportunity Act (ECOA)

In today’s business world, fair lending isn’t just good ethics — it’s the law. The Equal Credit Opportunity Act (ECOA) is a cornerstone regulation that ensures businesses provide equal access to credit without discrimination. This course is designed to help business owners and their teams understand the law in simple, practical terms, making compliance easier to achieve and sustain.

Through engaging lessons and real-world examples, your staff will learn to recognize unfair credit practices and the serious consequences of violating ECOA. They’ll gain insights into key areas like protected classes, proper credit evaluation, and how ECOA interacts with other critical laws like Regulation B and the Fair Housing Act.

By completing this course, your team will be equipped to make informed, lawful credit decisions, protect your business from costly compliance risks, and build stronger trust with your customers. Investing in this training isn’t just about avoiding penalties — it’s about creating a fair, ethical, and customer-focused lending process that sets your business apart.

Course Goals
✅Understand the purpose and history of the ECOA.
✅Identify protected classes and prohibited credit practices.
✅Learn how ECOA applies across different types of credit and lending institutions.
✅Gain insight into related laws like Regulation B and the Fair Housing Act.
✅Understand complaint procedures and enforcement actions.

Course Objectives
By the end of this course, the learner will be able to:
✅Confidently apply ECOA principles in real-life business situations.
✅Ensure lending practices within their business comply with federal law.
✅Recognize and prevent discrimination in credit decisions.
✅Take appropriate steps if they suspect unfair or illegal credit practices.