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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

LAMBDA LEGAL

From: jhoagland@lambdalegal.org [mailto:jhoagland@lambdalegal.org]
Sent: Tuesday, September 14, 2004 4:30 PM
To: Comments
Subject: Withdraw proposed change to CRA (RIN 3064-AC50)!

To Whom it may concern,

As a concerned citizen, I oppose the proposed changes to the Community Reinvestment Act.
If implemented, they would weaken the act's effectiveness in providing bank investment and services to low-income areas. Economically, this policy makes little sense since low-income areas greatly need financial investment.

Please keep the act as is.

Banks should not be allowed to jettison community reinvestment responsibilities ... in the quest for profit. If these new regulations are allowed to stand ... Communities could eventually find themselves back in the dark ages of redlining and financial isolation. New York Times, August 21, 2004

James Hoagland

James Hoagland
Event Coordinator
Lambda Legal
Southern Regional Office
1447 Peachtree St. NE, Ste. 1004
Atlanta, GA 30309
tel: 404.897.1880
fax: 404.897.1884
www.lambdalegal.org

Last Updated 09/25/2004 regs@fdic.gov

Last Updated: August 4, 2024