From: Woody Pagan [mailto:wpagan@ruralinc.org]
Sent: Monday, September 20, 2004 5:35 PM
To: Comments
Subject: rin3064-ac50
Dear Mr.,
Feldman, I am extremely concerned with the proposed changes in
the Community
Reinvestment Act pending .These changes would severely
limit or eliminate access to financial institutions by low and moderate
income communities in both urban and rural areas of this country.
The proposed regulation changes will have a deleterious effect on
projects and plans for the next decade. This proposal will exempt
banks from participation in low and moderate income projects and
silence any voice these communities have in the future.As a citizen
and a person involved in community development I urge that you resist
the banking lobby's efforts to roll back the clock to the "redlining" era
of the past. Very Truly Yours Woodie A. Pagan
