Before the Equal Credit Opportunity Act (ECOA) was passed in 1974, women applying for credit faced discrimination, invasive questions, and requirements for male co-signers.
The ECOA, signed into law 50 years ago, ensured women could access credit cards independently, marking a significant step towards financial equality.
While progress has been made since the ECOA, discriminatory lending practices still persist, highlighting ongoing struggles for women's rights in financial services.
The 50th anniversary of the ECOA serves as a reminder of the need to celebrate past achievements while recognizing that the fight for rights continues.
#equal-credit-opportunity-act #womens-rights #financial-independence #discriminatory-practices #historical-progress
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