Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Federal Register Publications

FDIC Federal Register Citations



Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations

Low Income Housing Institute

From: Robin Amadon [mailto:robina@LIHI.ORG]
Sent: Friday, September 17, 2004 3:11 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

To Whom it May Concern:

I am writring today to oppose the FDIC's proposal to allow large financial institutions to alter the way in which they are examined regarding Community Reinvestment Act requirements. Have the memories all gone dotty in so few years? Does anyone remember the practice of redlining in major urban areas in the 1960's, 1970's and the ways in which this practice choked credit from our older, gracious and graceful communities, starving the middle class minority community of access to credit to preserve their housing, buy homes, secure homeowner insurance and reinvest in their communities? The larger financial institutions withdraw funds from neighborhoods, and now, would like to avert their responsibility to support them. Under no circumstances should you allow this rule change; you will take a step backward, further racism in a world that keeps trying to get united for the purpose of prosperity, family and stability. The CRA and the requirement that large institutions meet its requirements is the lifeblood of extremely valuable community lending and neighborhood support. As we know, many people don't do things out of the goodness in their heart; they do things because regulation and rules require it of them. The community investments are SOUND, LUCRATIVE investments, but still, institutions will shy away from them because of institutional racism, short-sightedness or plain unwillingness to do deals in urban areas. The lure of suburbia has been all too great; and now, inner ring suburbs face similar problems with access to credit. Please, please, please do not change the rules allowing institutions to be examined as small banks are. It would be such an unnecessary change and a huge disservice to the communities that depend on financing to stay healthy and thrive.

Thank you for your kind consideration of my views.

Robin Landy Amadon

Low Income Housing Institute
2407 First Avenue, Suite 200
Seattle, WA

Last Updated 09/28/2004 regs@fdic.gov

Last Updated: August 4, 2024