Redlining, a process whereby financial institutions exploit poor people, refers to:
A) Requiring higher minimum checking account balances of banking clients considered to be "high -risk"
B) Charging exorbitant fees for cashing payroll checks
C) Refusal to lend money for mortgages or home improvements based on the home's location in an undesirable neighborhood
D) Refusal of locate banks and credit unions in low income areas

Question

Quizplus · Accepted Answer

Redlining is the discriminatory practice where financial institutions refuse to offer loans or mortgages to individuals based on the location of their property, often targeting neighborhoods predominantly inhabited by racial minorities or low-income residents.

Redlining, a Process Whereby Financial Institutions Exploit Poor People, Refers