Course Description
There are three different types of discrimination recognized under the Equal Credit Opportunity Act (ECOA): Overt discrimination, disparate treatment, and disparate impact. It is illegal for creditors to discriminate against people in any of these ways at any point in the lending process. In this course, you will learn about the differences between these types of discrimination and how to recognize them in action. You will also learn about what does and does not qualify as discrimination and who must comply with the Equal Credit Opportunity Act. By the end of this module, you will have a strong understanding of whether certain behaviors and statements are considered discriminatory and in violation of the Equal Credit Opportunity Act.
Learning Objectives:
- Understand overt discrimination, disparate treatment, and disparate impact
- Understand what statements violate the ECOA
Skills You Will Learn
- Categorical Exclusions
- Discrimination Complaints
- Eclass
- Equal Credit Opportunity Act
- Fair Credit Reporting Act
- Fair Lending Laws And Regulations
What You'll Learn
- Distinguish between overt discrimination, disparate treatment, and disparate impact under the Equal Credit Opportunity Act (ECOA)
- Recognize each type of discrimination as it occurs in the lending process
- Identify what does and does not qualify as discrimination under the ECOA
- Determine who must comply with the Equal Credit Opportunity Act
- Evaluate whether specific behaviors and statements violate the ECOA
Key Takeaways
- The Equal Credit Opportunity Act (ECOA) recognizes three types of discrimination: overt discrimination, disparate treatment, and disparate impact.
- It is illegal for creditors to discriminate against people in any of these ways at any point in the lending process.
- The course covers what does and does not qualify as discrimination and who must comply with the ECOA.
- By the end of the module, learners can judge whether certain behaviors and statements are discriminatory and in violation of the ECOA.
Frequently Asked Questions
What types of discrimination does this course cover?
It covers the three types of discrimination recognized under the Equal Credit Opportunity Act (ECOA): overt discrimination, disparate treatment, and disparate impact.
What will I be able to do after completing this course?
You will have a strong understanding of whether certain behaviors and statements are considered discriminatory and in violation of the Equal Credit Opportunity Act, and you will be able to recognize the different types of discrimination in action.
Does this course explain who must follow the ECOA?
Yes. The course teaches who must comply with the Equal Credit Opportunity Act, as well as what does and does not qualify as discrimination.
What lessons are included in this course?
The course includes three lessons: Overt, Disparate Treatment, and Disparate Impact.
