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7 It was in this context that Congress passed the Equal Credit Opportunity Act in 1974, prohibiting discrimination based on sex and marital status, and subsequently amended it in 1976 3 For a more detailed discussion of modern credit scoring models, see Mester (1997).
A federal law, the Equal Pay Act (EPA), requires employers to pay men and women equally for doing the same work -- equal pay for equal work. The Equal Pay Act was passed in 1963 as an amendment to the Fair Labor Standards Act and can be found at 29 U.S.C. Â§ 206.lthough the Equal Pay Act protects both women and men from sex discrimination in pay rates, it was passed to help rectify the wage disparity experienced by women workers, and in practice, this law has almost always been applied to situations where women are paid less than men for doing similar jobs.