President Ford's Statement on Signing the Equal Credit Opportunity Act
10/29/1974
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The White House issued this press release after President Gerald Ford signed the Equal Credit Opportunity Act of 1974. The Act prohibited discrimination on the basis of sex and marital status in the granting of consumer credit.
Ford noted that an "extremely important provision in this legislation prohibits discrimination on the basis of sex or marital status in the granting or denying of credit. While there has been a voluntary improvement in credit procedures in recent years, women are still too often treated as second-class citizens in the credit world. This legislation officially recognizes the basic principle tha [sic] women should have access to credit on the same terms as men."
This primary source comes from the Collection GRF-0248: White House Press Releases (Ford Administration).
National Archives Identifier:
7336776Full Citation: President signed H.R. 11221, which provides important new consumer protection in the area of credit and finance [Signing Statements and Announcements]; 10/29/1974; Press Releases, October 29, 1974; Press Releases, 1974 - 1977; Collection GRF-0248: White House Press Releases (Ford Administration); Gerald R. Ford Library, Ann Arbor, MI. [Online Version, https://www.docsteach.org/documents/document/ford-equal-credit-opportunity-act, May 16, 2024]