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FDIC Federal Register Citations



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FDIC Federal Register Citations


From: Lise McKean [mailto:lmckean@impactresearch.org]
Sent: Friday, September 17, 2004 6:06 PM
To: Comments
Subject: Oppose Efforts to Weaken CRA RIN number 3064-AC50

Lise McKean
926 N Wolcott
Chicago, IL 60622

September 17, 2004

Dear Federal Deposit Insurance Commission:

Despite the successes of community development locally and nationally, the banks and thrift institutions that provided the loans, services, and investments to build new homes, businesses, and community facilities may no longer have the impetus to do so if the FDIC raises the comprehensive CRA exam threshold.

I agree with the National Congress for Community Economic Development that this proposed change would have a devastating effect on affordable housing and community development investment throughout the nation, particularly
in rural areas.

With poverty as affecting so many communities across the country, it is bad public policy to introduce measures that undermine laws that revitalize communities, increase minority homeownership, and increase small business ownership for women and minorities.

Please rescind your proposal.

Sincerely,
Dr. Lise McKean
Last Updated 10/01/2004 regs@fdic.gov

Last Updated: August 4, 2024