Federal regulators could issue guidance as early as next month on how to apply the Community Reinvestment Act to banks and thrifts that operate mainly on the Internet.

After months of discussion, an interagency task force of CRA experts is readying a revised question-and-answer document that will clarify the agencies' policies on a variety of CRA issues, including the treatment of Internet banks. The group will continue its dialogue at a meeting today and again next week.

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