Finance
South Dakota's Community Reinvestment Act (CRA) requirements encourage banks to:
ACharge higher rates in low-income neighborhoods
BMake lending available in all communities, including low- and moderate-income areas✓ Correct
CRefuse loans in rural South Dakota counties
DOnly make loans to first-time homebuyers
Explanation
The CRA requires banks to make lending and investment available in all communities where they operate, including low- and moderate-income areas, discouraging redlining.
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