Lindsey on CRA and Fair Lending

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As the Federal Reserve's point man on consumer and community affairs, Governor Larry Lindsey has his hands full with fair lending and Community Reinvestment Act reform. His involvement in those two issues has put him in the media spotlight more often than any other Fed figure except Chairman Alan Greenspan.

At times, Lindsey has been at odds with the Clinton Administration and other bank regulators. And he has been criticized for his and the Fed's positions. Yet he stands firm behind the central bank's efforts to improve CRA and eradicate lending discrimination.

Lindsey discussed the issues recently with Independent Banker Associate Editor Elmer Ramos. They met in …