THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT RONALD REAGANS FOREIGN POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Glass Steagall Act of 1933
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Community Reinvestment Act of 1977
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Local Banking Credit Act of 1980
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McCain Feingold Act of 1978
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Detailed explanation-1: -The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low-and moderate-income (LMI) neighborhoods.
Detailed explanation-2: -Answer and Explanation: The Community Reinvestment Act of 1977 succeeded in chipping away at banking discrimination and red lining. This act regulated bank lending throughout communities. It required banking records be made public.
Detailed explanation-3: -Community Reinvestment Act of 1977 The original Act was passed by the 95th United States Congress and signed into law by President Jimmy Carter on October 12, 1977 (Pub. L. 95-128, 12 U.S.C. ch.
Detailed explanation-4: -The Community Reinvestment Act (CRA) requires banking regulators to assess bank and savings associations’ record of helping to meet the credit needs of the communities in which they are chartered. Regulators must also consider an institution’s CRA record when evaluating certain corporate applications.
Detailed explanation-5: -The Community Reinvestment Act was passed in 1977 to end discrimination known as redlining. It required banks to meet the credit needs of the communities where they do business.