From:
Sharon Cousar Goodson [mailto:sharon.goodson@nccaa.net]
Sent: Friday, September 17, 2004 12:47 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Gentlemen Re RIN 3064-AC50:
The North Carolina Community Action Association and its membership which represents
36 Community Action Agencies and six Limited Purpose Agencies across the state,
strongly opposes the proposed rule of changing the Community Reinvestment Act
regulations. The proposed changes would weaken regulations that currently require
that banks serve every community. These changes would negatively affect the
quality of life of families who earn low incomes across our state.
As we work to move families from the rolls of poverty to self-sufficiency,
we believe banks must be held accountable to reinvesting in the communities
we serve. We oppose any changes that would lessen the responsibility of banks
as outlined in the Community Reinvestment Act.
