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

Second industrial revolution marked a shift, The Second Industrial Revoluti...

The Second Industrial Revolution marked a shift from manufacturing to service-based industries. How did the New Deal affect this shift?

Major contributions made to american history, I need to be able to identify...

I need to be able to identify and know major contributions made to american history James Madison John Marshall Meriwether Lewis Scajawea

Freedmen''s bureau, What was the Freedmen's Bureau (provide full name in yo...

What was the Freedmen's Bureau (provide full name in your response)?

Ronald reagan''s conservatism was complex and multifaceted, Eric Foner writ...

Eric Foner writes that Ronald Reagan's conservatism was complex and multifaceted: ultimately, how conservative was Reagan's tenure in office? Why did liberals feel he went too far

What were some of the rhetorical devices kennedy used, What were some of th...

What were some of the rhetorical devices Kennedy used in his speeches? Why did he do so and are they effective in your opinion?

Confederation governments - which branch was most powerful, Which branch of...

Which branch of government was most powerful in Confederation governments?

Start of the revolutionary war, General Washington has commissioned you to ...

General Washington has commissioned you to draft a report regarding demographic ramifications of disease in the New World. As a learned doctor of the time, you do not frame disease

Characteristics in how spanish and british explored, What were the differin...

What were the differing characteristics in how the Spanish and the British explored, conquered, and colonized the Americas? What conclusions may be drawn about their relative succe

Stage for the louisiana purchase, In what ways does the Declaration of Inde...

In what ways does the Declaration of Independence express the ideas of John Locke? How did the convention of 1800 set the stage for the Louisiana purchase?

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