Restrictions on denying credit can be best summarized as being enacted to ensure equality in credit acquisition.
What are restrictions on denying credit?
The federal government prohibits credit suppliers from denying people credit based on their race, religion, origin, marital status and age. This is included under the Equal Credit Opportunity Act.
We can therefore say that these restrictions are meant to make the acquisition of credit more equal to all Americans regardless of their sociodemographic characteristics.
Find out more on the Equal Credit Opportunity Act at https://brainly.com/question/1290978.
