Financial institutions to exploit poor people, History

Assignment Help:

Redlining, a process used by financial institutions to exploit poor people, refers to

1) exorbitant fees assessed by banks for cashing payroll checks.

2) refusal to lend money for mortgages or home improvements based on home's location in an undesirable neighborhood.

3) requiring higher minimum checking account balances of banking clients considered to be "high-risk."

4) refusal of loans based on bad credit ratings.

Note: Justify your answer.


Related Discussions:- Financial institutions to exploit poor people

Explain the terms primitive art and noble savage, What do the terms Primiti...

What do the terms Primitive Art, Noble Savage, and Indian Princess mean in the context of your reading? Do these terms accurately describe what they are meant to connote? Are they

What was the atlantic charter, What was the Atlantic Charter and how was it...

What was the Atlantic Charter and how was it reminiscent of the Woodrow Wilson era?

Us goverment : duties of citizens, Duties of Citizens Citizenship also ...

Duties of Citizens Citizenship also implies duties or obligations. Because the United States government, like all democracies, depends on citizens' participation, citizens are

Show the failure of america in the gilded age, How do the failures of Andre...

How do the failures of Andrew Carnegie reflect the failure of America in the Gilded Age? What were the social and economic consequences of the Gospel of Wealth and the huge concent

Explain main ideals and features of the progressive movement, Identify and ...

Identify and Explain the main ideals and features of the Progressive movement. Who were the progressives (class gender race etc) What major successes did the Progressive movement a

Explain federalism of us goverment, Federalism Another aspect of check...

Federalism Another aspect of checks and balances in the Constitution juggles the powers and duties of the federal government and the state governments. The Constitution was wri

Show the changes in united states foreign policy, Assess the changes in Uni...

Assess the changes in United States foreign policy between 1898 and 1919. Where had American interests changed and where did they remain the same?

Why did they leave europe and why minnesota, Compare patterns of German and...

Compare patterns of German and Norwegian immigration to MN. Why did they leave Europe and why Minnesota? Where did they settle? What were the key institutions they built to help th

Describe major alterations in american popular culture, Describe some of th...

Describe some of the major alterations in American popular culture since the end of the second world war (1945)

A city upon hill, when Massachusetts leader john Winthrop spoke of " a city...

when Massachusetts leader john Winthrop spoke of " a city upon hill" he was referring to that colony's desire to: a. establish an ideal government b. serve as model Christian succe

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd