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

In the 17th century chesapeake society, In the 17th century Chesapeake soci...

In the 17th century Chesapeake society A/ most people arrived individually, not in family units. B/ many people arrived as indentured servants. C/ life expectancy was less than

Hammurabi''s code of laws, Hammurabi's Code of Laws is often described as a...

Hammurabi's Code of Laws is often described as an important new "technology" of rule because it established clear expectations of rights, obligations, and possible penalties for al

Evaluate the effectiveness of american military strategy, Evaluate the effe...

Evaluate the effectiveness of American military strategy and organization during the War of 1812

The revenue act, The Revenue Act, or Sugar Act, of 1764 A) placed a high...

The Revenue Act, or Sugar Act, of 1764 A) placed a high tax on refined sugar and led Americans to use cheaper brown sugar B) made it illegal to import foreign molasses into Nort

What was the main exception to this rule, In the British colonies, slaves g...

In the British colonies, slaves generally had the same status as domestic animals. What was the main exception to this rule?

Colonists during the revolutionary war, What are the advantages and disadva...

What are the advantages and disadvantages of the colonists during the revolutionary war?

What is the natchez rebellion, What is the Natchez Rebellion, and how did i...

What is the Natchez Rebellion, and how did it impact early North America?

How would american culture be different, How would American culture be diff...

How would American culture be different if we there had not been a Vietnam war?

Industrial arts, how can industrial arts help societies

how can industrial arts help societies

Explain history was used by the south to defend slavery, Do you think histo...

Do you think history was used by the South to defend slavery? Why or why not?

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