WASHINGTON -- The Federal Reserve's Consumer Advisory Council has overwhelmingly rejected a resolution calling on Governor Lawrence B. Lindsey to rescue himself from voting on the Community Reinvestment Act revisions.

The council, composed of bankers and community activists, voted 20 to 5 against the nonbinding resolution, according to Fed staffers at the Thursday meeting.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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