WASHINGTON - A House plan to ease banks' regulatory burden would "eviscerate" the Community Reinvestment Act, a group of Democrats said last week.

CRA proposals pose a "major obstacle" to regulatory reform and will doom bipartisan support for the House Banking Committee's Glass-Steagall regulatory relief bill, Democrats on the House Banking Committee wrote in a letter to the panel's chairman, Rep. Jim Leach, R-Iowa.

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