Regulatory streamlining can help to promote consistency, as would regular examiner training. 14  Federal Reserve Board Federal Advisory Council, Record of Meeting, May 2018. -10-  Fair Credit Access The fifth and final principle for CRA modernization is to ensure that revised CRA regulations support its position as one of several mutually reinforcing laws designed to promote an inclusive financial services industry.
The central thrust of the CRA is to encourage banks to ensure that all creditworthy borrowers have fair access to credit. For banks to be successful in meeting the credit needs of their entire community, it follows that they must guard against discriminatory or unfair and deceptive lending practices. Ensuring fair access to credit is difficult and requires ongoing vigilance.