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FDIC Federal Register Citations



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FDIC Federal Register Citations


From: Roberta S[pivek [mailto:rspivek@afsc.org]
Sent: Friday, September 17, 2004 3:01 PM
To: Comments
Subject: Oppose Efforts to Weaken CRA RIN number 3064-AC50

Roberta S[pivek
617 Pine Street
Philadelphia, PA 19106

September 17, 2004

Federal Deposit Insurance Commission

Dear Federal Deposit Insurance Commission:

As the resident of a large city full of deteriorating neighborhoods and someone who has also traveled through Appalachia and other distressed rural areas, I was shocked to learn of the proposed change to the Community Reinvestment Act. If banks and thrift institutions no longer have the impetus to provide loans and investments to help develop homes and businesses in these communities, who will do so?

I agree with the National Congress for Community Economic Development that this proposed change would have a devastating effect on affordable housing and community development investment throughout the nation, particularly
in rural areas. I urge you to rescind your proposal.

Sincerely,
Roberta Spivek
(215) 413-1461
 
Last Updated 09/29/2004 regs@fdic.gov

Last Updated: August 4, 2024