From: J. Mackey @ Rivercity CDC [mailto:jmackey@rivercitycdc.org]
Sent: Friday, September 17, 2004 10:01 AM
To: Comments
Subject: RIN 3064-AC50, Community Reinvestment
Dear Mr. Feldman:
I am a concerned citizen strongly opposed to your proposal to significantly
weaken the community reinvestment act(CRA). You propose much easier
CRA
requirements for banks between $250 million to $1billion in assets.
This
proposal will result in much fewer community development loans and
investments in 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. In sum, your proposal to change
the CRA
regulation will result in much fewer loans, investments, and branches
in low
and moderate income communities. Please withdraw your harmful proposal.
Sincerely,
H. Jabari Mackey
2213 Meads Street
Elizabeth City, NC
