WASHINGTON -- At a time when the banking industry is mobilizing to cut regulatory red tape, community activists are warning that the campaign could backfire.

The industry and the Bush administration are seeking to roll back some of the rules imposed by the Community Reinvestment Act and other measures. But the effort might end up provoking even tougher legislation, said Deepak Bhargava, a lobbyist for the Association of Community Organizations for Reform Now.

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