What does the Resolution Trust Corporation Core Act aim to achieve?

The Resolution Trust Corporation (RTC) was created as part of the efforts to resolve the savings and loan crisis in the late 1980s and early 1990s. The RTC Core Act specifically focuses on creating economic opportunities for minorities as part of broader initiatives aimed at community development and economic equity. By emphasizing reforms that expand business opportunities for minority-owned enterprises, the act seeks to address historical disparities in access to capital and support for entrepreneurship among marginalized groups. This aligns with legislative goals of promoting fairness and inclusivity in economic growth and ensuring that diverse communities benefit from economic recovery efforts.

While the other options may address important areas related to financial institutions, they are not the primary focus of the RTC Core Act. Addressing mortgage fraud, improving operational efficiency in banks, and enhancing customer service standards are significant issues within the financial services industry, but they do not encapsulate the main objective of the RTC Core Act, which is centered around minority business opportunities and community development.