Delaware Community
Reinvestment Action Council From:
Cua20064@aol.com [mailto:Cua20064@aol.com]
Sent: Tuesday, April 06, 2004 9:35 AM
To: regs.comments@occ.treas.gov; regs.comments@federalreserve.gov;
Comments; regs.comments@ots.treas.gov
Cc: rashmi@dcrac.org
Subject: Comments on Proposes CRA Regulation Changes
Communications Division
Public Information Room, Mailstop 1-5
Office of the Comptroller of the Currency
250 E St. SW, Washington 20219
Docket No. R-1181
Jennifer J. Johnson
Secretary
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, NW
Washington DC 20551
Robert E. Feldman
Executive Secretary
Attention: Comments
Federal Deposit Insurance Corporation
550 17th St NW
Washington DC 20429
Regulation Comments,
Attention: No. 2004-04
Chief Counsel's Office
Office of Thrift Supervision
1700 G Street NW
Washington DC 20552
April 5, 2004
Dear Officials of Federal Bank and Thrift Agencies:
As a banking customer I would like to urge you to change your
proposed Community Reinvestment Act (CRA) regulation before finalizing
it. I believe you need a stronger predatory lending standard and I
believe you should keep the small bank definition as it is at $250
million in assets.
There are many ways that seemingly good banks take advantage of
customers who don't understand the loan process. I think the regulators
should use the CRA exams to penalize lenders who make predatory loans
knowing that the borrower cannot repay.
I'm asking you to leave the asset threshold definition of a small
bank unchanged.
Thank you very much for paying attention to my concerns.
Sincerely,
Anthony Albence
Wilmington, DE
Board of Directors Member/Secretary
Delaware Community Reinvestment Action Council |