reverse redlining
- The unlawful act of offering unjust credit terms in a certain neighborhood based on discriminatory factors such as the race or ethnicity of the people living there
- Due to reverse redlining, certain neighborhoods with predominantly minority populations may end up facing unfair financial practices.
- Reverse redlining can lead to financial exploitation as residents get trapped in loans with extremely high-interest rates.
- To protect the fairness of financial services, laws have been put in place to counter practices such as reverse redlining.
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