Which act prohibits discrimination in credit based on various demographic factors?

The Equal Opportunity Act is the correct answer because it specifically addresses discrimination in lending practices, including credit approval. This act ensures that individuals are not denied credit based on race, color, religion, national origin, sex, marital status, or age, reinforcing the principle of fair treatment in financial services. By establishing these protections, the act promotes equal opportunity in accessing credit, enabling individuals from diverse backgrounds to participate in financial systems without facing bias or unfair treatment.

The other acts mentioned focus on different aspects of credit and loan practices. For example, the Fair Debt Collection Practices Act regulates the behavior of debt collectors to prevent harassment, while the Fair Credit Billing Act ensures consumers can dispute billing errors. The Truth in Lending Act requires clear disclosure of credit terms and costs. While all these acts contribute to a fair and transparent credit environment, it is the Equal Opportunity Act that directly targets discrimination based on demographic factors.