Clients with any delinquent or adversely categorized credit should be ineligible.

Clients with any delinquent or adversely categorized credit should be ineligible. ECOA and its implementing legislation B prohibit discrimination for a basis that is prohibited any facet of a credit deal. They are often implicated, for instance, by any discretion exercised by a bank within the application of eligibility requirements or cost waivers, or by “steering” or targeting of particular …

Read More