From: Jenifer Roth [mailto:jroth@nyirn.org]
Sent: Thursday, September 16, 2004 1:21 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I strongly oppose the FIDC's proposal to allow banks with assets
greater than $250 million to be exempt from CRA review. There was a true
purpose in setting those original cut offs and those merits hold today.
CRA is an extremely important regulation that has helped transform many
low-income communities. There is still much more work to be done and CRA
will enable a lot of that development. Therefore, I urge you to maintain
the $250 million mark as is.
