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FDIC Federal Register Citations From: davidaquilina@msn.com [mailto:davidaquilina@msn.com] Re: Preserving the Community Reinvestment Act Dear Mr. Feldman: My wife and I are socially responsible investors. We understand the important role of CDFIs in revitalizing communities through affordable housing and financing small business start-ups. The Community Reinvestment Act has provided banks with an essential incentive to work with CDFIs and provide vitally needed capital to communities that sorely need investment. We urge you to withdraw the FDICs proposed rule that would allow midsize banks to undertake only one of the three important community development activities that are now required: lending, investment, and services. This flawed, misguided rule would seriously reduce support for the essential work of CDFIs. The impact would be fewer jobs, less affordable housing, and a lower level of community services. Thanks for your consideration. Sincerely,
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Last Updated 11/17/2004 | regs@fdic.gov |