Cabe Community Advisors
From: Peggy Cabe [mailto:ptcabe@aol.com]
Sent: Thursday, September 23, 2004 10:22 AM
To: Comments
Subject: Community Reinvestment Act -- RIN 3064-AC50
Peggy Cabe
President
Cabe Community Advisors, Inc.
11763 Warbler Court
Naples, FL 34119
September 23, 2004
Robert E Feldman
Dear Robert Feldman:
Mr. Robert E. Feldman
Executive Secretary
ATTN: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 E. 17th Street, NW
Washington, DC 20429
RE: RIN 3064-AC50
Dear Mr. Feldman:
I am writing to oppose the proposed regulatory changes to the Community
Reinvestment Act (CRA). The CDFI industry relies on a strong CRA
to
ensure the participation of mid-size banks in the growth and expansion
of
financial services and accessibility to capital in low and moderate-income
communities across the United States.
The CRA has been successful in expanding access to capital and broadening
the reach of financial services to all communities. The proposed
changes
to the CRA risk halting this important progress. I urge you to not
adopt
the proposed regulatory changes weakening the CRA.
These proposed changes will make it particularly difficult for rural
areas
with few large banks to continue their efforts to revitalize communities
and rebuild economic vitality.
Sincerely,
Peggy Cabe
239-596-6155
President
Cabe Community Advisors, Inc.
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