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

How did the working class benefit from the neal deal, How did the working c...

How did the working class benefit from the Neal Deal? What New Deal legislation do you think was most important in effecting this change? What did your choice of important legislat

How did they influence the culture of the 1960s, Question 1 - Who were the ...

Question 1 - Who were the hippies and how did they influence the culture of the 1960s? Question 2 - Explain a current social movement that could be defined as a counter culture

What traits and qualities do americans, During the first half of the eighte...

During the first half of the eighteenth century the "American" came into existence. The Frenchman Jean de Crevecouer described the American as a "new man". What traits and qualitie

Major achievements of the civil rights movement, What were three major achi...

What were three major achievements of the civil rights movement during the 1960s?

American revolution between 1754 and 1774, Between 1754 and 1774 a profound...

Between 1754 and 1774 a profound alteration of relationship occurred between the American colonists and their mother country, Great Britain. This changing relationship became painf

What caused the peasents to oppose these reforms, The French National Assem...

The French National Assembly reforms the status of the church. What caused the peasents to oppose these reforms?

Native american exploitation, The most obvious way that settlers contribute...

The most obvious way that settlers contributed to Native American exploitation was simply infringing on their land and society, exposing the various tribes. Western setters brought

Cyrus the great after consulting the delphic oracle, 1 The leader of the Ly...

1 The leader of the Lydians who fell to Cyrus the Great after consulting the Delphic Oracle was A) Croesus. B) Cambyses. C) Miltiades. D) Astyages. E) Darius. 2 Mohenjo-daro was

First amendment to the constitution, In Buckley V. Valeo the Supreme Court ...

In Buckley V. Valeo the Supreme Court draws a distinction between contributions and expenditures. What is the difference between the two and should either or both be a protected fo

The exodusters westward mass migration, The Exodusters' westward mass migra...

The Exodusters' westward mass migration to Kansas finally faltered when A. homesteading on the Great Plains proved more difficult than expected. B. the Fifteenth Amendment was p

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