Federal banks and thrifts are more likely to seek clarity and flexibility rather than a major overhaul of rules in the upcoming regulatory review of Community Reinvestment Act regulations, according to a top official of a major trade group. Fritz Elemendorf, vice president of communications with the retail banking industry trade group, Consumer Bankers Association, said CRA-covered institutions will not seek a major rewrite of CRA regulations, as they did in 1997. "Institutions simply want