The 1995 Modifications to the Community Reinvestment Act

Multiple Choice

The 1995 modifications to the Community Reinvestment Act

A) imposed numeric goals for loans extended to low-income and minority groups that were difficult for many banks to meet without reducing loan standards.
B) reduced the incentive of banks to extend loans to low-income and minority groups.
C) encouraged low-income and minority housing purchasers to make larger down payments so they would have more equity in their houses.
D) made it more difficult for low-income and minority groups to obtain conventional loans.