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.
A consent decree is a judicial ruling that imposes issues and precautions requested by the defendant to rectify alleged illegal activities without admitting fault or guilt.
Redlining is an illegal discriminatory practice in which lenders refuse to offer mortgages or other financial services to individuals based on the location of their property, often predominantly affecting communities of color. It can cause significant economic harm and contribute to the deterioration of neighborhoods.
