Tucked away in the last month’s regulatory form report by the Treasury Department was a nascent effort to reform the way regulators implement the Community Reinvestment Act (CRA). The CRA, a law intended to compel banks to offer loans and financial services to low- and moderate- income areas, has been criticized by community groups as out of step with modern banking practices. The report said that regulators need to “better align the benefits arising from banks’ CRA investments with the interest and needs of the communities they serve.”