Griffith L. Garwood thinks the Federal Reserve's commitment to end lending discrimination is misunderstood.

Critics who claim the Fed isn't doing enough are focusing only on the handful of high-profile denials the board has made of applications by banks with troubled Community Reinvestment Act records, he said.

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.