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FDIC Federal Register Citations


Rural Opportunities Inc

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

Last Updated 09/17/2004 regs@fdic.gov

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