Equal Credit Opportunity Act

Summary

Equal Credit Opportunity Act - Provides, under the Consumer Credit Protection Act, that any creditor who fails to comply with the provisions of this Act will be liable for (1) actual damages, (2) specified amounts in individual and class actions, and (3) reasonable attorney's fees. Prescribes the factors to be considered in determining the amount of award in any class action. Provides that a person may not offset any amount for which a creditor is potentially liable against any amount owed to such creditor. Makes it unlawful for any creditor or card issuer to discriminate on account of sex or marital status against any individual with respect to credit or the terms of such credit.

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Timeline

1. 18 July 1973

   Introduced

   Referred to House Committee on Banking and Currency.

   Source: IntroReferral

2. 18 July 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 July 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 18 July 1973

  Open at official source

Sponsors

• Rep. Rinaldo, Matthew J. [R-NJ-12] · R · Sponsor
• · hsba00 · Standing

Related records

• related to ← Equal Credit Opportunity Act