New Jersey banks aren't getting enough credit for their low-income lending, says the state's top banking official.

Jeff Connor, commissioner of New Jersey's banking department, told Garden State bankers last week that community reinvestment, laws should be amended to give CRA credit for loans made to low-income people outside the bank's delineated market area.

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.