CRA standards aren't lax. CRA loans are prime. If CRA loans are "bad" then every other loan originated by the private market is at best "very bad."

CRA loans are by the definition of credit better quality than every other type of loan. This isn't politics, this is an objective fact. Again, for every year since the inception of the CRA, default rates for all pools of CRA loans are LOWER than every private market origination pool of the same year.