Finance
Which federal law prohibits lenders from discriminating in lending based on the racial composition of a neighborhood?
ARESPA
BTILA
CECOA
DCommunity Reinvestment Act✓ Correct
Explanation
The Community Reinvestment Act (CRA) requires federally insured depository institutions to meet the credit needs of the communities in which they operate, combating the practice of redlining — refusing to lend in certain neighborhoods based on racial composition.
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