Trade group officials and lawmakers praised Andrew M. Cuomo, tapped by President Clinton on Friday to run the Department of Housing and Urban Development, for working with the private sector to expand lending to low-income areas.

"We've been working in that area with Mr. Cuomo and we expect he will continue in the same vein," said Robert R. Davis, director of government relations for America's Community Bankers.

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.