Finance
A Utah bank that fails to comply with the Community Reinvestment Act may face:
ACriminal prosecution
BDenial of merger or acquisition applications and regulatory scrutiny of expansion plans✓ Correct
CLicense suspension by the Division of Real Estate
DAutomatic conversion to a credit union
Explanation
CRA performance ratings affect a bank's ability to get regulatory approval for mergers, acquisitions, and new branches. Poor CRA performance can block expansion plans.
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