This online course explains how to comply with Regulation B when taking and evaluating credit applications. Regulation B, which enforces the Equal Credit Opportunity Act, prohibits discrimination in any aspect of a credit transaction. It ensures that all credit applicants are treated fairly, regardless of personal characteristics such as race, gender, or age. Bank employees will learn the specific rules lenders must follow, from what can and cannot be asked during the application process to how information must be documented and used. The course also clarifies the difference between a credit inquiry and a full application, and the monitoring and joint intent documentation requirements. Whether you’re accepting, reviewing, or processing credit applications, this training ensures you’re supporting a fair, transparent lending process.
