WASHINGTON - By softening disclosure requirements for small business loans, federal bank regulators may have set up an early test case of President elect Bill Clinton's commitment to reduced regulation.

Bankers were pleased with the rules, which they said made the best of a bad law. But business organizations, consumer groups, and some lawmakers were angry, and some said they expect the new administration's regulators to rewrite the rules soon after the inauguration.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.