WASHINGTON - Banks and thrifts should not bother urging Congress to repeal the Community Reinvestment Act, a key senator told a group of executives this week.

"You go after CRA, you're not gonna make any progress," said Senate Banking Committee Chairman Alfonse M. D'Amato, R-N.Y. His remarks came Wednesday night in a private gathering of bank and thrift executives and investors sponsored in Washington by Salomon Brothers Inc.

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