Finance
Under the Community Reinvestment Act (CRA), federally regulated banks are required to:
AOffer below-market interest rates to all borrowers
BMeet the credit needs of all segments of their communities, including low- and moderate-income areas✓ Correct
CRefuse loans in high-risk areas
DSubmit monthly reports to GREC
Explanation
The CRA was enacted to prevent redlining and requires federally regulated banks to serve the credit needs of their entire communities, including low- and moderate-income areas.
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