Finance
A lender who 'red lines' a neighborhood by refusing to make loans there based on its racial composition is violating which laws?
AOnly the Fair Housing Act
BOnly the Equal Credit Opportunity Act
CThe Fair Housing Act, ECOA, and the Community Reinvestment Act✓ Correct
DOnly the Home Mortgage Disclosure Act
Explanation
Redlining violates multiple laws: the Fair Housing Act (prohibiting discrimination based on race in housing transactions), ECOA (prohibiting discrimination in lending), and the CRA (requiring banks to serve all communities in their service area). HMDA requires reporting that helps detect redlining.
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