State regulators seek more time for CRA comments.

WASHINGTON -- A group representing state regulators is asking the federal banking agencies for more time to comment on proposed revisions to the Community Reinvestment Act.

The Conference of State Bank Supervisors asked for an additional 75 days to submit comments, which are due Nov. 21.

If the agencies go along with the request, it would add yet another delay to the 15-month push to reform CRA rules. When the agencies published their second proposal last month, officials set yearend as the target for action.

"Although the structure of the revised proposal is said to be the same as that of the original, there have been some significant alterations to the original proposal which warrant seriously study and analysis," wrote Doyle C. Bartlett, the conference's general counsel.

Mr. Bartlett noted that the Federal Reserve Board gave the public 120 days to comment on its foreign bank fee proposal.

"We believe CRA is a more complicated issue of comparable importance and therefore deserves a comparable comment period," Mr. Bartlett wrote.

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