“ Payday and Vehicle Title Lending Disproportionately Harm Communities of Color, Exploiting and Perpetuating the Racial Wealth Gap.” A copy of the appraisal report The Adverse Action Disclosure The Equal Opportunity Credit Notice All of the above LEARNING QUESTION The correct answer is 'D' All disclosures required by ECOA may be delivered electronically as long as (1) the consumer agrees to electronic delivery, and (2) the electronic delivery is in accord with the E-Sign Act. “ Policy Statement on Discrimination in Lending.”Ĭenter for Responsible Lending. “ The Importance of Fair and Equitable Access to Credit for Minority and Women-owned Businesses.”įederal Deposit Insurance Corp. “ Submit a Complaint.”Ĭonsumer Financial Protection Bureau. “ About FHEO.”Ĭonsumer Financial Protection Bureau. Department of Housing and Urban Development. ' Small Business Administration 7(a) Loan Guaranty Program,'. ' Small Business Lending Statistics Understanding How Lenders Approach Small Businesses.'Ĭongressional Research Service. ' Racial Disparities in Paycheck Protection Program Lending.' “ Redlining’s Legacy of Inequality: $212,000 Less Home Equity, Low Homeownership Rates for Black Families.” “ Quarterly Residential Vacancies and Homeownership, First Quarter 2022.” ' Data Point: 2020 Mortgage Market Activity and Trends.' “ Consumer-Lending Discrimination in the FinTech Era.”Ĭonsumer Financial Protection Bureau. ' Disparities in Wealth by Race and Ethnicity in the 2019 Survey of Consumer Finances.' “ HOLC ‘Redlining’ Maps: The Persistent Structure of Segregation and Economic Inequality.” National Community Reinvestment Coalition. “ Mapping 80 Years of Segregation in U.S. “ Mapping Inequality: Redlining in New Deal America: Introduction.” University of Richmond, Digital Scholarship Lab. “ Mapping Inequality: Redlining in New Deal America.” “ HOLC ‘Redlining’ Maps: The Persistent Structure of Segregation and Economic Inequality,”. “ Community Reinvestment Act of 1977.”Ĭonsumer Financial Protection Bureau. “ Mortgage Discrimination.”įederal Reserve History. “ Community Reinvestment Act (CRA).”įederal Trade Commission, Consumer Advice. “ The Equal Credit Opportunity Act.”įederal Reserve System. “ Housing Discrimination Under the Fair Housing Act.” HOLC described D areas as “characterized by detrimental influences in a pronounced degree, undesirable population or an infiltration of it.” It recommended that lenders “refuse to make loans in these areas only on a conservative basis.” HOLC described B areas as “still good” but not as “‘hot’ as A areas.” “They are neighborhoods where good mortgage lenders will have a tendency to hold commitments 10–15% under the limit,” or around 65% of appraisal.Ĭ neighborhoods were characterized by “obsolescence infiltration of lower grade population.” “Good mortgage lenders are more conservative in Third grade or C areas and hold commitments under the lending ratio for the A and B areas.” HOLC described A areas as “‘hot spots’…where good mortgage lenders with available funds are willing to make their maximum loans…-perhaps up to 75–80% of appraisal.”

Equal credit opportunity