|
FDIC Federal Register Citations
From: kabrandt@earthlink.net [mailto:kabrandt@earthlink.net]
Sent: Tuesday, October 19, 2004 7:24 PM
To: Comments
Subject: RIN 3064-AC50
Re: Preserving the Community Reinvestment Act Mr. Robert E. Feldman Executive
Secretary Attention: Comments/Legal ESS Federal Deposit Insurance Corporation
550 17th Street NW Washington, DC 20429 Dear Mr. Feldman: As a socially
responsible investor, I am aware of the vital role played by CDFIs
in revitalizing communities through affordable housing and small business
startups. The Community Reinvestment Act has provided banks with an
important incentive to work with CDFIs and provide vitally needed capital
to struggling communities. I urge you to withdraw the FDIC’s
rule proposal that would allow midsize banks to pursue only one of
the three important community development activities they are now required
to undertake: lending, investment, and services. I believe that this
misguided rule would mean a devastating reduction in support for the
essential work of CDFIs, resulting in fewer jobs, fewer affordable
homes, and fewer community services. Yours Sincerely, Kate Brandt
|