From: Jessica Richardson [mailto:JRichardson@ocroi.org]
Sent: Friday, September 17, 2004 9:04 AM
To: Comments
Subject: RIN 3064-AC50
Dear Mr. Feldman:
I am a concerned citizen strongly opposed to your proposal to significantly
weaken the Community Reinvestment Act (CRA). This proposal will
result in much fewer home and small business loans and much fewer
community development loans and investments in low and moderate
income communities. In addition, you propose that banks can earn
CRA points by financing community development projects that benefit
affluent residents in rural areas, instead of low and moderate
income consumers and communities in rural America. This is directly
contrary to CRA's focus on meeting credit needs of low and moderate
income communities. All of your proposals will result in much fewer
loans, investments, and branches in low and moderate income communities.
Please withdraw your harmful proposal.
Sincerely,
Jessica Richardson
Rural Opportunities Inc.
130 Dolson Ave.
Middletown, NY