Summarize red lines and reverse red lining and why they are unethical lending practices

Business

1 answer:

Sonbull [250]2 years ago

3 0

Answer:

3 For example, redlining has been used to describe discriminatory practices by retailers, both brick-and-mortar and online. Reverse redlining is the practice of targeting neighborhoods (mostly non-white) for higher prices or lending on unfair terms such as predatory lending of subprime mortgages. A 2017 study by Federal Reserve Bank of Chicago economists found that redlining—the practice whereby banks discriminated against the inhabitants of certain neighborhoods—had a persistent adverse impact on the neighborhoods, with redlining affecting homeownership rates, home values and credit scores in 2010.

You might be interested in

Miranda works 40 hours a week at a wage rate of $25. Thus, her total weekly income is $1000. On this income, she pays total t

Vlad1618 [11]

Answer:

15%

Explanation:

If Miranda works 40 hours a week at a wage rate of $25. and she however calculates that on the last hour that she works, she pays $3.75. then her marginal tax rate is derived as follows

<em>The marginal tax rate is the incremental tax paid on incremental income.</em>

From the scenario, we are given the following:

Weekly wage rate is $25.

Weekly tax pay is $3.75

Hence, Marginal tax rate can be computed as = $3.75 / $25 = 15%

8 0

3 years ago

What happens to price when the cost of resources rise and falls

JulijaS [17]

In any business, when the cost of resources rise, the price of buying the commodity will also be high, this is because when it cost you much to produce a commodity, you will end up charging a higher price when selling it. Failure to do so may lead to making loses. The opposite is also true, when the cost of resources fall, the pricing will also be less.

6 0

3 years ago

The _____ is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s opera

suter [353]

The Income Statement is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s operations over an accounting period.

<u>Explanation:</u>

The Income Statement is one of the company’s center financial reports that confers their gain and loss over a remarkable time. The gain or loss is circumscribed by practicing all revenues and deducting all liabilities from both working and non-operating exercises.

The income statement is a vital element of a company’s execution reports that need to be yielded to the Securities and Exchange Commission (SEC). An income statement presents worthy insights into a company’s operations, the performance of its management, underperforming areas and its production applicable to industry rivals.

7 0

3 years ago

Activity-based costing accumulates overhead in one cost pool, then:_____.a. assigns the overhead to products and services by mea

Gekata [30.6K]

Answer:

c. allocates overhead to activity cost pools, and it then assigns the activity cost pools to products and services by means of cost drivers.

Explanation:

The activity based costing is the costing that helps to allocated the indirect cost or we can say the manufacturing overhead cost with the help of the many cost drivers or the many activity cost pools

Like if we allocate the setup cost so we have to allocated with the number of machine setups.

For the inspection cost, the number of inspections is required so that the allocation could be done

5 0

3 years ago

Populations of organisms that live in and interact in a particular are form ?

frozen [14]

All of plant and animal populations living in an habitat interact and form a community. Hopefully this answers your question.

8 0

3 years ago