The Equal Credit Opportunity Act was passed by Congress in what year
7 It was in this context that Congress passed the Equal Credit Opportunity Act in 1974, prohibiting discrimination based on sex and marital status, and subsequently amended it in 1976 3 For a more detailed discussion of modern credit scoring models, see Mester (1997). Equal Employment Opportunity Act of 1972. In its fourth attempt to improve Title VII's effectiveness since its enactment in 1964, Congress amends Title VII by approving the Equal Employment Opportunity Act of 1972. 1 I. Introduction The Equal Credit Opportunity Act of 1974 (ECOA) was enacted in an era marked by consumers’ increasing reliance on credit, markedly different lending practices than those prevalent today, and vibrant civil rights activism. 40 Years Ago: Equal Credit Opportunity Act Enacted. The Equal Credit Opportunity Act (ECOA) was signed into law in 1974. For decades prior to ECOA, more and more consumers relied on credit to make large purchases. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the Equal Employment Opportunity Act of 1972. In June 1963, Congress passes the Equal Pay Act of 1963 (EPA) protecting men and women who perform substantially equal work in the same establishment from sex-based wage discrimination. The EPA is the first national civil rights legislation focusing on employment discrimination. 1 Congress passed and President Lyndon B. Johnson signed into law the Civil Rights Act of 1964, landmark legislation prohibiting employment discrimination by large employers (more than 15 employees), whether or not they have government contracts. The Equal Credit Opportunity Act (ECOA) was signed into law in 1974. For decades prior to ECOA, more and more consumers relied on credit to make large purchases. To further promote equal employment opportunities for American workers. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the Equal Employment Opportunity Act of 1972. SEC. Title VII of the Civil Rights Act of 1964 also creates the U.S. Equal Employment Opportunity Commission (EEOC), a five-member, bipartisan commission whose mission is to eliminate unlawful employment discrimination.
1974