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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

From: Bernie du Breuil [mailto:bmrcldb56@yahoo.com]
Sent: Sunday, September 19, 2004 11:06 PM
To: Comments
Subject: RIN 3064-AC50, Community Reinvestment

Dear Mr. Feldman:

I am a concerned citizen strongly opposed to your proposal to significantly weaken the Community Reinvestment Act (CRA).

You propose much easier CRA requirements for banks between $500 million to $1 billion in assets. This proposal will result in much fewer home and small business loans to low- and moderate-income borrowers and much fewer community development loans and investments in low- and moderate-income communities.

In addition, you propose that banks can earn CRA points by financing community development projects that benefit affluent residents in rural areas, instead of low- and moderate-income consumers and communities in rural America. This is directly contrary to CRA$E2s focus on meeting credit needs of low- and moderate-income communities.

In sum, all of your proposals will result in much fewer loans, investments, and branches in low- and moderate-income
communities. Please withdraw your harmful proposal.
Sincerely,

Bernie du Breuil
Upper Valley Peace & Justice Group

Last Updated 10/01/2004 regs@fdic.gov

Last Updated: August 4, 2024