The mortgage loan originator knows that the applicant's source of income is public assistance, so he tells the applicant not to waste his time filling out an application and paying any fees because he can't possibly qualify. What federal law has the loan officer violated? The MLO has not violated any federal law. CRA ECOA HMDA

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers? a. change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile takeover. b. eliminate a requirement that members of the board of directors must hold a high percentage of their personal wealth in the firm's stock. c. for a firm that compensates managers with stock options, reduce the time before options are vested, i. e., the time before options can be exercised and the shares that are received can be sold. d. pay managers large cash salaries and give them no stock options. e. beef up the restrictive covenants in the firm's debt agreements.