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3 years ago

What is the strategy called whereby lenders limit the number of loans based on the racial makeup of a neighborhood?

Business

1 answer:

vova2212 [387]3 years ago

7 0

Answer:

Redlining

Explanation:

Redlining is the strategy called whereby lenders limit the number of loans based on the racial makeup of a neighborhood

Redlining which can also be referred to as illegal discriminatory practice , it is been practiced by federal government agencies, local government whereby some kind of race or set of people are been denied loans by lender or issurers on the ground of racial basis.

Redlining is not limited to financial set up, other services such as health care also experience this

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