Creditors who fail to comply with ECOA or Regulation B are subject to _______________________ for actual and punitive damages in an individual or class action.

A. general liability
B. civil liability
C. disclosure liability
D. loan liability

Answer: B. civil liability

Business

You might also like to view...

If a large retailer sold numerous items below cost with the intention of punishing small competitors and gaining higher long-run profits by putting those competitors out of business, the retailer would be guilty of ________

A) price collusion B) price fixing C) predatory pricing D) competitive pricing E) penetration pricing

Business

The DMADV process for improving product and service designs comes to us from what methodology?

A) Project management B) Optimization C) Lean D) Six Sigma

Business