How did the Equal Credit Opportunity Act and the Community Reinvestment Act address discrimination?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Bank Management and Financial Services

ISBN: 978-0078034671

9th edition

Authors: Peter Rose, Sylvia Hudgins

See More Books

Question Posted: Oct 31, 2014 09:54 AM

See More Questions

How does the Equal Credit Opportunity Act reduce discrimination?
The equal credit opportunity act (ECOA) prohibits discrimination in credit transactions on the basis of sex, marital status, religion, race, color, national origin, age, or the applicants receiving...
The Equal Credit Opportunity Act prohibits creditors from denying credit for what reasons? If you are denied credit, do you have the right to know the reason for the denial?
In Exercises 1126, determine whether each equation defines y as a function of x. x + y = 16
a. Show that the Gauss-Jordan method requires n3/2 + n2 - n/2 multiplications/divisions and n3/2 - n/2 additions/subtractions. b. Make a table comparing the required operations for the Gauss-Jordan...
In an oscillating incompressible flow field the force per unit mass acting on a fluid particle is obtained from Newtons second law in intensive form Suppose the characteristic speed and...
x 0 1 2 3 456 P(x) 0.05 ? 0.23 0.21 0.17 0.11 0.08 Identifying Probability Distributions In Exercises 25 and 26, decide whether the distribution is a probability distribution. If it is not a...
You can purchase an optical scanner today for $400. The scanner provides benefits worth $60 a year. The expected life of the scanner is 10 years. Scanners are expected to decrease in price by 20% per...
Tine rollowing inrormation appies to the questions displayed below. 0 Santana Rey created Business Solutions on October 1, 2017. The company has been successful, and its list of customers has grown....
The on-the-run issue for ABC Company is shown below: Maturity 123 Yield to maturity Market price 7.50% 100 7.60% 100 7.70% 100 Using the bootstrapping methodology, the spot rates are: Spot rate...
What is the principal job performed by the FDIC?
What changes in regulation did the Gramm-Leach-Bliley (Financial Services Modernization) Act bring about? Why?
Property, Plant, and Equipment Swift Motor Lines is a trucking company that hauls crude oil in the Rocky Mountain states. It currently has 20 trucks. The following information relates to a single...
Antismoking advocates cheered in the summer of 1997 when the U.S. tobacco industry agreed to pay out more than U.S. $$368.5$ billion to settle lawsuits brought by forty states seeking compensation...
Generate the full set of clauses for the map-coloring graph in Figure 8.1. Resolve these clauses to prove that a three-coloring solution does exist for the graph. data from figure 8.1 A B C D
To test $H_{0}: \mu=80$ versus $H_{1}: \mu <80$, a simple random sample of size $n=22$ is obtained from a population that is known to be normally distributed. (a) If $\bar{x}=76.9$ and...
Check that there are at least $2\left(\begin{array}{c}n \\ 3\end{array} ight)$ different hierarchical models which contain all twoway interaction terms for an $n$-way contingency table.
A cam with $30 \mathrm{~mm}$ as minimum diameter is rotating clockwise at a uniform speed of $1200 \mathrm{rpm}$ and operates a roller follower of $10 \mathrm{~mm}$ diameter as given below: (i)...
In which kind of decision environment is associative choice most likely to occur? (a) organized anarchy (b) certainty (c) risk (d) satisficing
Show that if A is any m n matrix, then Im A = A and AIn = A.
The output voltage of a voltage divider is not fixed; it varies according to the load. a. Find the output voltage $v_{\mathrm{o}}$ in Figure 6.13 for two different values of load resistance: (1)...
Hoe did a decline in housing prices help trigger the subprime financial crisis starting in 2007?
Why does the twin crises phenomenon of currency and banking crises occur in emerging market countries?
How can a deterioration in bank balance sheets lead to a currency crisis?
crane Inc. common chairs currently sell for $30 each. The firms management believes that it's share should really sell for $54 each. If the firm just paid an annual dividend of two dollars per share...
Determine the simple interest earned on $10,000 after 10 years if the APR is 15%
give me an example of 10 transactions from daily routine that we buy and put for me Liabilities + Owners' Equity + Revenues - Expenses

How did the Equal Credit Opportunity Act and the Community Reinvestment Act address discrimination?

Question:

Step by Step Answer:

The Equal Credit Opportunity Act stated that individuals could not ...View the full answer

Bank Management and Financial Services

Students also viewed these Banking questions