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January 21, 2005
Act Now to Protect Community Investments, Bank Services
We urge you to oppose these proposals. The sheer volume of comments is important!
What You Can Do: Easy and Fast
1. Send an email to regs.comments@ots.treas.gov commenting on proposed regulations.
2. Enter "2004-53 Community Reinvestment Act" in the subject line of the e-mail.
3. Write a comment. It can be as brief as: "All federally insured financial institutions should continue to be fully accountable under CRA for making investments and providing services. I also oppose the OTS proposal to consider favorably rural community development activities that do not primarily benefit low-income people or communities." The deadline for comments is January 24. Please act now.
4. Pass this e-Alert on to colleagues so they can comment too.
For More Information
For background, see The New York Times op-ed column [PDF] in support of CRA by former Treasury Secretary and
class=SpellE>LISC's current Chairman, Robert Rubin, and our President, Michael
class=SpellE>Rubinger. The OTS proposal is available on the OTS website. Additional information is also available from the National Community Reinvestment Coalition and the National Association of Affordable Housing Lenders.
Posted on January 21, 2005 11:43 PM
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