WASHINGTON -- The consumer group Inner City Press/Community on the Move has filed a protest with the Federal Reserve Board opposing the proposed acquisition by Fifth Third Bancorp of Old Kent Financial Corp.

The ten-page protest, filed Monday, claims that Cincinnati-based Fifth Third disproportionately denies normal-rate credit to minority borrowers and that Grand Rapids, Mich.-based Old Kent targets high-interest loans at "the same communities and groups excluded by Fifth Third."

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