Equal Credit Opportunity — 1998-03-12 [98-6325]

Pursuant to its Regulatory Planning and Review Program, the Federal Reserve Board (the ``Board'') is undertaking a review of Regulation B, which carries out the provisions of the Equal Credit Opportunity Act (the ``ECOA''). The ECOA makes it unlawful for creditors to discriminate against an applicant in any aspect of a credit transaction on the basis of race, color, religion, national origin, sex, marital status, age, and other specified bases. The review will determine whether Regulation B should be revised to address technological and other developments; identify areas in the regulation that could be revised to better balance consumer protections and industry burden; and delete obsolete provisions.