Search Results for keywords:"equal credit opportunity act"

Search Results: keywords:"equal credit opportunity act"

H. R. 6870 — To amend the Equal Credit Opportunity Act to clarify creditor’s rights and remedies with respect to the consideration of immigration status with respect to the extension of credit, and for other purposes.
December 19, 2023
Status:Introduced in House
Congress:118
Words:369
H.R. 6870 aims to modify the Equal Credit Opportunity Act to detail how creditors can consider a person's immigration status when deciding to extend credit. The bill allows creditors to inquire about someone's immigration status to understand their legal options and protections related to...
Simple Explanation
In this bill, Congress wants to change the rules about how banks look at a person's immigration status when deciding who gets a loan. They say banks can ask about it, but they shouldn't let it unfairly change their decision about giving someone money.
H. R. 10316 — To amend the Equal Credit Opportunity Act to require creditors to consider certain additional credit information when making mortgage loans, and for other purposes.
December 05, 2024
Status:Introduced in House
Congress:118
Words:1,560
H.R. 10316 aims to amend the Equal Credit Opportunity Act by requiring lenders to consider additional credit information, beyond what is reported to traditional credit agencies, when evaluating mortgage loan applications. This additional information may include bank...
Simple Explanation
H.R. 10316 is a rule that says banks should look at extra information, like if someone pays their rent on time, before giving them a loan to buy a house. This is to help more people, especially those who don’t have much credit history or are from different communities, get a home loan.

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