Question
Hi can you please help me answer this question for my homework assignment! Thank you! Smith applied for a personal loan at a local bank
Hi can you please help me answer this question for my homework assignment! Thank you!
Smith applied for a personal loan at a local bank in Illinois. The bank asked her to fill in an application form in which she was asked her employment and marital status, as well as her age and her Social Security number. After reviewing her application, the bank denied her the loan because, it said, she was a 43-year-old divorceealbeit a successful attorneywho received alimony payments and therefore constituted a high risk. Explain whether a court would find that the bank violated the Equal Credit Opportunity Act.
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