Finance
Under the Community Reinvestment Act (CRA), Mississippi lenders are evaluated on their efforts to:
AMaximize profits in the wealthiest communities
BMeet the credit needs of the communities they serve, including low- and moderate-income areas✓ Correct
CLimit lending to prime borrowers only
DReduce the number of loans made each year
Explanation
The CRA requires federal banking regulators to evaluate how well banks meet the credit needs of the entire communities they serve, including low- and moderate-income neighborhoods, encouraging reinvestment in underserved areas.
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