How Banks Can Self-Monitor Their Lending to Comply with the Equal Credit Opportunity Act

The authors provide a step-by-step discussion of how an individual lender in the United States can self-monitor its loan process for compliance with the Equal Credit Opportunity Act, illustrated with an empirical example. The article addresses the problems faced by individual lenders who attempt to self-monitor their lending process and concludes with a discussion of the continuing, constructive role that bank examiners and regulators can play in this endeavor.