From: David Medema [mailto:dmedema@iserv.net]
Sent: Tuesday, September 14, 2004 4:20 PM
To: Comments
Cc: Congressman Vern Ehlers (E-mail)
Subject: Community Reinvestment -- RIN 3064-AC50
I strongly object to any weakening of the CRA as proposed by the
FDIC. This 3-decades long policy has been invaluable in tieing bank
expansion to their performance in serving their ENTIRE service areas.
As one who is very involve in the redevelopment of our cities, I am
inspired by banks' motivation to meet CRA criteria that show they are
good community citizens. All the banks I know see CRA as a normal part
of doing business and are accustomed to conforming to it. I would never
want to rely on so-called "voluntary compiance" in place of CRA!
Please do not weaken CRA!
David Medema
Medema Consulting Associates LLC
325 S. Division Ave.
Grand Rapids, MI 49503-4522
616-235-0554
dmedema@medemaconsulting.com
