The Greenlining Institute, charging that Sumitomo Bank has fulfilled its promise to make loans in low-income areas, urged regulators Thursday to lower its Community Reinvestment Act grade to "substantial noncompliance."

"We want the equivalence of daily oversight by the Federal Deposit Insurance Corp.," said Robert Gnaizda, general counsel of the San Francisco-based activist group. "That is what must and should be done."

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