What banking legislation was passed in 1977 to ensure that banks could only merge or expand their branches if they were fairly lending and providing financial services to people across their current geographical area?

Question

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The Community Reinvestment Act (CRA) of 1977 was passed to ensure that banks serve the needs of the community in which they are chartered to do business. It requires that they provide lending, investment, and services to all segments of their community, including low- and moderate-income neighborhoods, thereby preventing discriminatory practices like redlining.

What Banking Legislation Was Passed in 1977 to Ensure That