WASHINGTON - House Republicans on Wednesday blocked an amendment by one of their own that called for repeal of the Community Reinvestment Act.

As a House Banking subcommittee took up regulatory relief legislation, Rep. Toby Roth, R-Wis., argued that the CRA imposed "horrendous costs to consumers and all parties concerned ... with no visible results."

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.