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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

From the OTS website:

  • Read the proposed rules: 2004-53 and 2004-54
  • Read comments that others have made.

    From the FDIC website:

  • Read the proposed rule.
  • Read comments that others have made.

    Letters from Congress:

  • Hillary Rodham Clinton (D-NY)
  • James Walsh (R-NY)
  • Congressional Black Caucus
  • Congressional Hispanic Caucus
  • Senate response from May 2004

    Organizations:

  • Center for Community Change
  • The National Association of Affordable Housing Lenders
  • Housing Assistance Council
  • National Congress for Community Economic Development
  • The National Community Reinvestment Coalition
  • Federal Financial Institutions Examination Council

    Others:

  • Mayors from 24 states oppose change

    Press coverage:

  • New York Times, October 20
  • National Public Radio, October 19
  • Associated Press, September 22
  • Daily Journal of Commerce (Portland OR)
  • Gutting the Community Reinvestment Act , editorial by Thomas Rowley
  • U.S. Newswire
  • Tallahassee Democrat - editorial
  • Charleston (SC) Post and Courier - requires free registration
  • Chicago Tribune - requires free registration
  • Community Disinvestment, by Thomas Rowley
  • New York Times - editorial

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