Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Federal Register Publications

FDIC Federal Register Citations



Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations


From: Deborah Matrachisia [mailto:debmatt@rochester.rr.com]
Sent: Sunday, September 19, 2004 7:01 PM
To: Comments
Subject: RIN 3064-AC50

Dear Mr. Feldman:

I am strongly opposed to your proposal to significantly weaken the Community Reinvestment Act (CRA). You propose much easier CRA requirements for banks between $250 million to $1 billion in assets. This proposal will result in many fewer home and small business loans to low- and moderate-income borrowers and many fewer community development loans and investments in low- and moderate-income communities. In addition, you propose that all FDIC-supervised banks can earn CRA points by financing community development projects that benefit affluent residents instead of low- and moderate-income consumers and communities. This is directly contrary to CRA’s focus on meeting credit needs of low- and moderate-income communities.
Please withdraw your harmful proposal to change the CRA regulation that will result in many fewer loans, investments, and branches in low- and moderate-income communities.

Sincerely,

Deborah Matrachisia
2316 Nine Mile Point Road
Fairport, NY 14450
 

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

Last Updated: August 4, 2024