Justice Department Announces Fair Lending Initiative

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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of the new initiative discussed in the video?
To increase bank profits
To ensure fair access to credit
To reduce government regulations
To promote neighborhood segregation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical practice does the initiative aim to address?
Loan sharking
Overcharging interest rates
Redlining
Predatory lending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who announced the new initiative to combat redlining?
The Federal Reserve Chair
Attorney General Merrick Garland
The Secretary of State
The President
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Department of Justice's approach to addressing modern-day redlining?
Reducing loan interest rates
Promoting digital banking
Enhancing the use of fair lending authorities
Increasing bank taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which bank reached a settlement for avoiding loans in minority neighborhoods?
Wells Fargo
Chase Bank
Bank of America
Tennessee's Trustmark National Bank
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