Finance
The Community Reinvestment Act (CRA) requires lenders to:
AOffer the lowest interest rates to minorities
BMeet the credit needs of the communities in which they operate, including low-income areas✓ Correct
CReport all mortgage applications to the government
DProvide free counseling to homebuyers
Explanation
The CRA encourages federally insured depository institutions to meet the credit needs of all segments of the communities they serve, including low- and moderate-income areas.
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