Finance
The Community Reinvestment Act (CRA) affects Oklahoma banks by:
ARequiring banks to make only low-interest loans
BEncouraging banks to meet the credit needs of all segments of their communities, including low-and moderate-income areas, in exchange for regulatory approval of mergers and expansions✓ Correct
CProhibiting banks from making loans in urban areas
DRequiring all banks to offer USDA loans
Explanation
The CRA requires federal banking regulators to assess banks' performance in serving all community segments, including lower-income areas. CRA ratings affect regulatory approval of mergers, acquisitions, and branch openings. It is designed to prevent redlining.
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