WASHINGTON -- Minority-owned financial institutions a being unfairly downgraded in Community Reinvestment A examinations, and legislation may be needed to correct the situation, said Rep. Floyd Flake, D-N.Y.

"I find it very disturbing that banks can get unsatisfactory ratings when they serve only those segments of the community that the Community Reinvestment Act intended to help," said Rep. Flake, a New York Democrat and chairman of the House Banking subcommittee on general oversight.

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