From: Tim Iglesias [mailto:iglesias@usfca.edu]
Sent: Thursday, September 16, 2004 4:30 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Dear Sir/Madam:
I strongly oppose the FDIC's proposal to allow banks with assets above
$250 million to be examined as small banks under the Community
Reinvestment Act. This policy would reduce lending, investments and
services in low-income communities.
It is outrageous that in a time when communities are having a hard
time getting over the recession in a still sputtering economy that the
FDIC would consider reducing the coverage of the CRA. If anything it
needs to be strengthened and expanded to other types of services and
industries.
Sincerely,
Tim Iglesias
Associate Professor
University of San Francisco School of Law
2130 Fulton Street
San Francisco, CA 94117-1080
Kendrick Hall, Room 314
Ph: (415) 422-5870
Email: iglesias@usfca.edu