Finance
In Wyoming, the Community Reinvestment Act (CRA) requires banks to:
ALend exclusively in wealthy Wyoming communities
BMeet the credit needs of all communities where they operate, including low- and moderate-income areas✓ Correct
CProvide free banking services to low-income Wyoming residents
DOnly make loans on federally insured properties
Explanation
The CRA requires federally insured depository institutions to help meet the credit needs of all communities where they do business, including low- and moderate-income communities. Regulatory agencies evaluate CRA performance as part of the bank examination process.
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