The bank and thrift regulators have spent almost two years trying to "improve" Community Reinvestment Act regulations. Their first attempt was a flop, and their second proposal is only marginally better.

The problem is not lack of effort or good intentions, as those qualities appear to be in ample supply. The problem the reformers face is that there is not much in the current CRA regulations that needs fixing.

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.