WASHINGTON — Comptroller of the Currency John Dugan vigorously defended the Community Reinvestment Act Wednesday, telling an audience in Columbia, Md., that it did not contribute to the subprime crisis or the financial meltdown.

"CRA supports banks doing what they do best and what they should want to do well — making viable lending and investment decisions, with acceptable rates of return, consistent with their business plans, in their own communities," Mr. Dugan said at the Enterprise Annual Network Conference.

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