FDIC Federal Register Citations

North Carolina Community Action Association

From: Sharon Cousar Goodson [mailto:sharon.goodson@nccaa.net]
Sent: Friday, September 17, 2004 12:47 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

Gentlemen Re RIN 3064-AC50:

The North Carolina Community Action Association and its membership which represents 36 Community Action Agencies and six Limited Purpose Agencies across the state, strongly opposes the proposed rule of changing the Community Reinvestment Act regulations. The proposed changes would weaken regulations that currently require that banks serve every community. These changes would negatively affect the quality of life of families who earn low incomes across our state.

As we work to move families from the rolls of poverty to self-sufficiency, we believe banks must be held accountable to reinvesting in the communities we serve. We oppose any changes that would lessen the responsibility of banks as outlined in the Community Reinvestment Act.


Thank you,

Sharon C. Goodson
Executive Director