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FDIC Federal Register Citations From: Ann Schneider [mailto:aschneider@gkllaw.com] I am opposed to the change that would allow 96% of banks to escape scrutiny
of their lending activities. Raising the threshold to banks with $250
million or more assets would cut the heart out of the CRA which has been
fantastically successful in making monies available to fund low-income
housing. I am an attorney in New York City whose clients are the working
poor. Without government subsidies of various sorts, most of them would
be effectively homeless. The CRA has worked well for more than 30 years.
The proposed change would alter the playing field to the permanent disadvantage
of the voiceless masses.
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Last Updated 11/18/2004 | regs@fdic.gov |