First Fifth Bank has a mortgage lending program that discounts the interest rates on mortgages in certain areas. For example, if there are certain areas of a city in which the repayment rate for mortgages is high, First Fifth charges lower interest rates to the homebuyers in those areas. Discuss whether there are any constitutional or Fair Housing Act issues
?The practice of First Fifth Bank is one that is under scrutiny, particularly when the areas that have lower interest rates have single racial composition. The racial singularity leads to questions about redlining - whether areas are shut out from the best interest terms because of broad generalizations.
You might also like to view...
What are the different functions of the members of a marketing channel?
What will be an ideal response?
If there is a credit balance in the Factory Payroll Payable at the end of the accounting period, it represents
a. the amount by which applied payroll was greater than actual payroll. b. the amount by which actual payroll was greater than applied payroll. c. labor costs which have not yet been distributed. d. an amount that should be charged to Cost of Goods Sold.
When Robert Keening became the president of Snow Bird Airlines, he began meeting with groups of employees to get their opinions on how to turn around the airline's declining sales. This part of the decision-making process is an example of
A. Keening's leadership style. B. trying to reach consensus. C. identifying the problem. D. generating alternatives. E. selecting an alternative.
The Iteration Planning Game is played by:
A) business and development. B) facilitators. C) scribes. D) sponsors. E) programmers.