From: Keren Mertens [mailto:keren@stratusoft.com]
Sent: Friday, September 24, 2004 12:13 PM
To: Comments
Subject: Community Reinvestment Act -- RIN 3064-AC50
Keren Mertens
TRF
718 Arch St.
Philadelphia, PA 19106
September 24, 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.
