A federal law that mandates financial institutions to meet the credit needs of the communities they serve, particularly focusing on low- and moderate-income neighborhoods.
Credit enhancement refers to a range of strategies or instruments used to reduce the risk of lending to a particular individual or company, thereby increasing their credit quality.
The Truth-in-Lending Act (TILA) is a federal law designed to promote fairness and clarity in credit and lending practices. It requires lenders to disclose clear and standardized information about the terms and costs of loans to protect consumers.
