Fair Lending Act

The Fair Lending Act refers to a set of laws designed to ensure that all individuals have equal access to credit and housing without discrimination. It prohibits lenders from treating applicants unfairly based on race, color, religion, national origin, sex, marital status, age, or other protected characteristics. The goal is to promote fairness in lending practices, prevent discriminatory practices, and empower consumers to seek justice if they believe they’ve been treated unfairly. Essentially, it aims to ensure that everyone has an equal opportunity to borrow money and secure housing.