|
FDIC Federal Register Citations
From: Rouse, Barbara [mailto:barbara.rouse@dmps.k12.ia.us]
Sent: Wednesday, October 20, 2004 3:17 PM
To: Comments
Subject: RIN 3064 AC50
Robert E. Feldman, Executive Secretary
Attention: Comments/Legal ISS
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429-9990.
Re: RIN 3064-AC50
To Whom It May Concern - regarding RIN 3064-AC50:
I strongly oppose the proposed rule changing the Community Reinvestment
Act regulations. In my opinion, it will really undermine low and moderate
income communities. Please do not adopt this rule. If CRA is cut there
would be only a ONE BANK in Iowa required to participate in affirmative
lending programs to low and moderate income citizens either through
direct services or via community based organizations. Some community
minded banks would still assist low and moderate income citizens while
others would likely refocus their energies on other money making business
ventures. CRA is a tool which assists with the development of affordable
housing and helps ensure equal access to credit not just for the few,
not just for the powerful, but to Americans of every race, ethnicity
and income level.
Respectfully,
Barbara A. Rouse
Des Moines, Iowa
|
