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What percentage who bought houses because this act that gave them affordable have defaulted on their paymnets?

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15y ago
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The purpose was to reduce discriminatory practices against low-income neighborhoods.

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Q: What is the Community Investment Act of 1977?
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Did the Community Reinforcement Act of 1977 force banks to give people loans that could not afford them?

yes


What regualtes investment companies?

Investment companies operating mutual funds are regulated by the Securities and Exchange Act of 1934 and the Investment Company Act of 1940


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The opposite act to investment (investing) is divestiture (divesting).


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What is promoted by the Community Reinvestment Act?

These laws include the Community Reinvestment Act, which promotes community credit needs.


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Guam Community College was created in 1977.


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Rushden Community College was created in 1977.


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Enterprise State Community College's motto is 'Your Investment in Excellence'.


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The Workforce Investment Act is an act which replaces the Job Training Partnership Act. The main focus is federal development of work initiatives to promote jobs so as to stimulate economic growth. The Act was originally passed on August 7, 1998.


What is the Glass Steagall Act?

The Glass Steagall Act is a way to separate investment and commercial banking activities from overzealous commercial bank involvement in Stock Market investment. Which was deemed for the financial crash.