Finance
A Missouri lender who refuses to make a loan based solely on the racial composition of a neighborhood is engaging in:
APrudent risk management
BRedlining, which is illegal under ECOA and the Fair Housing Act✓ Correct
CA legal lending guideline
DCompliance with CRA requirements
Explanation
Redlining—refusing to lend based on the racial or ethnic composition of a neighborhood—is illegal under the Equal Credit Opportunity Act (ECOA), Fair Housing Act, and Community Reinvestment Act.
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