WASHINGTON - Federal regulators raised more questions than they answered Wednesday with a much-anticipated proposal on how banks and community groups must report the terms of Community Reinvestment Act agreements.

The 140-page proposal by the Federal Reserve Board, Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, and Office of Thrift Supervision marks the first step in implementing the so-called CRA "sunshine" requirement in the Gramm-Leach-Bliley Act of 1999.

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