Finance
The Community Reinvestment Act (CRA) is primarily aimed at:
ACapping interest rates in low-income communities
BEncouraging depository institutions to help meet the credit needs of their entire communities, including low-income areas✓ Correct
CProviding government mortgage insurance for low-income borrowers
DRegulating the use of credit scores in mortgage lending
Explanation
The CRA requires federally insured banks and thrifts to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, helping to combat redlining.
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