Finance
The Community Reinvestment Act (CRA) encourages banks to:
AOffer government-guaranteed loans only
BMeet the credit needs of all communities in their service area, including low- and moderate-income neighborhoods✓ Correct
CRestrict lending to high-income borrowers for safety
DFund commercial development exclusively
Explanation
The CRA requires federally insured banks and thrifts to help meet the credit needs of their entire communities, including low- and moderate-income neighborhoods, combating redlining practices.
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