Records show that Banker Fred has increased the interest rate on all loans to Native Americans by an additional 3%. Has Banker Fred violated any laws?

Respuesta :

Answer:

Yes, this would be viewed as discriminatory

Explanation:

Based on this scenario it can be said that Yes, this would be viewed as discriminatory. Since Fred increased the interest rate ONLY on those individuals whose race is that of Native American then that is disrimination of the basis of race. Which they can be sued for doing this since the Equal Credit Opportunity Act (ECOA) prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you get public assistance.