U.S. banking regulators propose update to fair lending rules

　　div classBodysc17zpet90 cdBBJodivpWASHINGTON Reuters – A trio of U.S. banking regulators unveiled Thursday a renewed attempt to update fair lending rules for banks, with an eye toward modernizing the rules to reflect the rise of online banking while clarifying requirements for the industry.p

　　pThe proposed update to rules enforcing the 1977 Community Reinvestment Act, which ordered banks to service lowerincome communities where they operate, would expand access to credit band banking services for poorer communities and create a consistent metricsbased approach to grading banks, according to agency officials.pdivdivdiv classBodysc17zpet90 cdBBJodiv

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　　pp Reporting by Pete Schroeder Editing by Chizu Nomiyamap

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