Which law focuses on preventing discrimination in mortgage lending?

The Equal Credit Opportunity Act is the law specifically aimed at preventing discrimination in mortgage lending and other forms of credit. This act prohibits lenders from discriminating against any applicant based on race, color, religion, national origin, sex, marital status, age, or because they receive income from public assistance. Its primary objective is to ensure that all individuals have equal access to credit without facing unfair barriers based on personal characteristics. This promotes fairness and equity in lending practices, essential for a just financial landscape.

The other laws mentioned, while important in their own right, do not specifically target discrimination in the lending process. The Truth in Lending Act focuses on ensuring borrowers receive clear and truthful information about loan terms and costs. The Gramm-Leach-Bliley Act mainly addresses the regulation of financial institutions and consumer privacy. The Fair Housing Act indeed prohibits discrimination in housing but does not explicitly focus on credit and lending practices in the way the Equal Credit Opportunity Act does.