Creditors could impose different terms or conditions based on your race, sexual orientation or religion
Creditors had the right in 1968 to charge a higher interest rate or bank fee for no other reason than a person’s race, religion, or sexual orientation. That wouldn’t change until the 1974 passage of the Equal Credit Opportunity Act, which made it illegal to impose the terms of a bank loan or credit card based on nonfinancial factors. The act stands to this day.
