Regulation B (Reg B) inside the Identical Credit score rating Choice Act (ECOA)
What Is Regulation B (Reg B)? Regulation B is intended to prevent applicants from discrimination in any aspect of a credit transaction. It outlines the rules that lenders must adhere to when obtaining and processing credit information. Regulation B protects consumers and prohibits lenders from discriminating based on age, gender, ethnicity, nationality, or marital status.