Finance
Under the federal Community Reinvestment Act (CRA), federally insured banks and savings institutions are required to:
AMake loans only in low-income communities
BMeet the credit needs of all communities in their service areas, including low-income areas✓ Correct
CCharge uniform interest rates regardless of risk
DMaintain a 10% community reinvestment reserve
Explanation
The Community Reinvestment Act requires federally insured financial institutions to meet the credit needs of all communities in their service areas, including low- and moderate-income neighborhoods, in a safe and sound manner.
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