Fair Housing
The Community Reinvestment Act (CRA) encourages financial institutions to:
ADeny mortgages in areas with high default rates
BMeet the credit needs of all segments of their communities, including low- and moderate-income areas✓ Correct
CFund only residential mortgage loans
DReport discriminatory practices to the Department of Justice
Explanation
The Community Reinvestment Act encourages federally insured banks and thrifts to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe banking practices.
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