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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

Last Updated 04/16/2004 regs@fdic.gov

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