Credit Repair Organizations Act (CROA)
CROA was Title IV of the Consumer Credit Protection Act, which passed in 1996 under President Bill Clinton. The statute is designed to protect consumers from unfair practices of credit repair organizations that could further damage a consumer’s credit profile.
The law requires that consumer repair organizations give (up front) all the information on the services, related contract details, and financial penalties.
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Finance: What is the Equal Credit Opport...6 Views
Finance a la shmoop what is the Equal Credit Opportunity Act? alright people while the
federal government thinks everyone should have the equal opportunity to get [Men in Federal Government appear]
into debt isn't that sweet of them you know that Uncle Sam well he sure does
have a heart of gold this federal law makes it illegal to discriminate against
people who are applying for financing on pretty much anything legal based on
their age gender marital status religious affiliation ethnic or national
background or public assistance benefits your credit score however well that
still matters sorry just keeping it real
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