Mr. 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
Dear Mr. Feldman:
I strongly oppose the above-referenced proposed rule changing the
Community Reinvestment Act regulations. This change will exacerbate both
public and private sector disinvestment in rural America. From my own
experience, I know that because of the current CRA rule, there has been
significantly more investment into both affordable housing and economic
development than would have occurred otherwise. Rural America cannot
afford any additional disinvestment of its scarce resources into “hot”
urban or collar county communities just because lenders are unwilling to
consider non-traditional investments into rural America.
If there are any further questions about my comments, please do not
hesitate to contact me at 715.343.7509. Thank you.
