Finance (alternative)
Maryland's Community Reinvestment Act (CRA) assessment encourages lenders to:
AReduce loan volumes in high-risk areas
BMeet the credit needs of all segments of their communities, including low- and moderate-income areas✓ Correct
CIncrease rates in rural lending markets
DOnly lend in Priority Funding Areas
Explanation
The CRA requires federally insured depository institutions to meet the credit needs of their entire communities, including low- and moderate-income neighborhoods, where their deposits come from.
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