Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations |
|||
FDIC Federal Register Citations From: ebe@aptima.com [mailto:ebe@aptima.com] Re: Preserving the Community Reinvestment Act Attention: Comments/Legal ESS Mr. Robert E. Feldman, Executive Secretary Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 Dear Mr. Feldman: CDFIs play an important role in revitalizing communities through affordable housing and small business startups. The Community Reinvestment Act has provided banks with an important incentive to work with CDFIs and provide vitally needed capital to struggling communities. I believe that institutions should be a part of and support community development. I urge you to withdraw the FDICs rule proposal that would allow midsize banks to pursue only one of the three important community development activities they are now required to undertake: lending, investment, and services. I believe that this misguided rule would mean a devastating reduction in support for the essential work of CDFIs, resulting in fewer jobs, fewer affordable homes, and fewer community services. Yours Truly, Dr. Eileen Entin
|
||
Last Updated 11/17/2004 | regs@fdic.gov |