From: dcarson [mailto:dcarson@luea.org]
Sent: Thursday, September 16, 2004 1:28 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
TO whom it may concern,
I represent a community based development organization working to
revitalize a depressed and disadvantaged urban area through land and
property redevelopment, job creation and housing opportunities. I oppose
the FDIC's proposal to allow banks with assets above $250 million to be
examined as small banks under the Community Reinvestment Act (CRA). This
policy would reduce lending, investments and services in low-income
communities.
Banks and other financial institutions are very important partners in
our work and we have a very healthy relationship with them within my
community. I attribute this in part to requirements such as CRA. Changes
to lessen the examination requirements would be not beneficial as they
provide an important check and balance between community and capital
interests.
Thank you for your consideration.
Dennis H. Carson
Executive Director/Vice President
Lafayette Urban Enterprise Association
Greater Lafayette Community Development Corporation
P.O. Box 277
Lafayette, IN 47902-0277
(765) 742-1984
(765) 742-6276 fax
dcarson@luea.org
www.luea.org
www.glcdc.org
