A Bill To Prohibit Creditors From Discriminating Against LGBT Consumers
Democrats Introduce A Bill To Prohibit Creditors From Discriminating Against LGBT Consumers – The New Civil Rights Movement
Democrats in both chambers have proposed to amend the [Equal Credit Opportunity Act ] to ban discrimination based on sexual orientation or gender identity. Democratic congressman Steve Israel from New York, and Senator Patty Murray from Washington State, both members of their respective budget committees, have introduced legislation in both both chambers that would create a federal ban on LGBT discrimination by creditors.
[The Freedom from Discrimination in Credit Act], filed yesterday, would amend the Equal Credit Opportunity Act to protect borrowers from discrimination based on sexual orientation or gender identity.
Currently, only 14 states, California, Colorado, Connecticut, Illinois, Iowa, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New Mexico, Rhode Island, Vermont and Washington, prohibit credit discrimination based on sexual orientation and gender identity. New York law prohibits discrimination based on sexual orientation in credit transactions but the law does not cover gender identity. There are no federal protections for creditors who are LGBT.
Both Senator Murray and Rep. Israel released statements on the unveiling of their bills:
“Securing credit is an important part of our economy and helps so many Americans looking to buy a home, go to college, or start a small business. It is unacceptable that someone can be denied credit, simply because of their sexual orientation or gender identity. I am proud that my home state of Washington has these protections, but it is time to ensure all LGBT Americans are protected from this discriminatory practice.”
“We have made great strides towards achieving full equality for all LGBT Americans, but we still have a long way to go. Putting in place federal protection for LGBT Americans who face discrimination when applying for credit is good for our businesses, our economy and all hardworking Americans. Since 2009 I’ve led the fight to prohibit lenders from denying credit based on sexual orientation or gender identity, and I’m proud to join my colleague Senator Murray in calling for passage of this important legislation.”
The Freedom from Discrimination in Credit Act [of 2013 FDCA] has been endorsed by The Human Rights Campaign, The National Center for Transgender Equality, National Center for Lesbian Rights, National Gay and Lesbian Chamber of Commerce, National LGBTQ Action Fund, and Credit Union National Association.