7 fev 1974 ano - Women can open bank accounts & apply for credit without a male cosigner

Descrição:

The Equal Credit Opportunity Act passes and prohibits banks and lenders from requiring single, widowed or divorced women to bring a man along to cosign any credit application, regardless of their income.

This legislation made it illegal to deny credit on the basis of sex or marital status, race, color, national origin, religion, etc.

The law applies to banks, retailers, bankcard companies, finance companies, and credit unions.

It also prohibits asking about marital status and whether or not the borrower has or plans to have children.

Prior to this legislation banks could also devalue women’s wages by as much as 50% when considering how much credit to grant.

Ruth Bader Ginsburg’s work as an attorney for the ACLU helped pave the way for the Equal Credit Opportunity Act.

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