FDIC Federal Register Citations

Natallie Keiser
1076 Manigault Street
Atlanta, GA 30316

Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th St. NW 20429

RE: RIN 3064-AC50

Dear Mr. Feldman:

I am writing to express my opposition to reducing the CRA requirements for mid-sized banks. I have seen evidence in my community of how important CRA is for increasing investments. I live in a low income neighborhood known as Reynoldstown, where the community has been working towards revitalization for many years. The current CRA requirements have been crucial to obtaining bank support for our housing and business development work.

The plan to reduce the investment and service requirements for all banks with under $1 billion in assets will result in fewer loans and investments in communities such as the one where I live. In the new plan, you would allow mid-sized banks to select either community development loans, investments, or services, which will reduce the amount of community development activity that we see in our neighborhood and neighborhoods like it around our city. Also, the suggestion to eliminate publicly available data on the small business lending of mid-sized banks will limit the ability of citizens to hold banks accountable for lending in our neighborhoods.

Please drop your proposal to make these changes to CRA.

Sincerely,
Natallie Keiser