Understanding the “Why” of Regulation B

The purpose of the Equal Credit Opportunity Act (Regulation B) is just as it sounds…equal credit opportunities for everyone. In other words, institutions should not illegally discriminate against any creditworthy applicant with regard to either consumer or commercial credit. It is illegal to discriminate based on the following factors under Regulation B:

1. Race or Color
2. Religion
3. National Origin
4. Sex (including Sexual Orientation and Gender Identity)
5. Marital Status
6. Age (provided the applicant has the capacity to contract)
7. The applicant’s receipt of income derived from any public assistance program
8. The applicant’s exercise, in good faith, of any right under the Consumer Credit Protection Act.

Kevin explains more in the video.

Published 2026/05/13