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English definition of “the Community Reinvestment Act”

the Community Reinvestment Act

noun [S]
 
 
GOVERNMENT, SOCIAL RESPONSIBILITY in the US, a law that encourages banks to lend money to all types of people in the communities they do business with, including those living in poorer areas: Laws such as the Community Reinvestment Act require banks to lend to applicants living in underprivileged areas.
(Definition of the Community Reinvestment Act from the Cambridge Business English Dictionary © Cambridge University Press)
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