Natallie Keiser
1076 Manigault Street
Atlanta, GA 30316
Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th St. NW 20429
RE: RIN 3064-AC50
Dear Mr. Feldman:
I am writing to express my opposition to reducing the CRA
requirements for mid-sized banks. I have seen evidence in my community
of how important CRA is for increasing investments. I live in a low
income neighborhood known as Reynoldstown, where the community has been
working towards revitalization for many years. The current CRA
requirements have been crucial to obtaining bank support for our housing
and business development work.
The plan to reduce the investment and service requirements for all
banks with under $1 billion in assets will result in fewer loans and
investments in communities such as the one where I live. In the new
plan, you would allow mid-sized banks to select either community
development loans, investments, or services, which will reduce the
amount of community development activity that we see in our neighborhood
and neighborhoods like it around our city. Also, the suggestion to
eliminate publicly available data on the small business lending of
mid-sized banks will limit the ability of citizens to hold banks
accountable for lending in our neighborhoods.
Please drop your proposal to make these changes to CRA.
