The refusal of lenders to make loans on property in low-income neighborhoods is known as redlining.

Question

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Redlining is the practice of denying or charging more for financial services, such as loans, insurance, and mortgages, to residents in certain areas based on their race, ethnicity, or income level. This practice is often used to discriminate against residents in low-income neighborhoods, which can have a negative impact on the economic development of those areas.

The Refusal of Lenders to Make Loans on Property in Low-Income