FDIC Federal Register Citations, Public Comment

Informations

• Publié par: Movong
• Nombre de lectures: 76
• Langue: English

Extrait

Woodstock Institute Board of Directors Chair Ada Skyla, PLD, J.D. Chpii Hall Ma far Chii July 10,2008 a! the Univcrsi~~ of Chicago hncdhh Put Cbir Cbnrlts M. HIII, Sr. Cbyles Hill &Associates. bo. Mr. Robert E. Feldman Executive Secretary Attention: Comments/Legal ESS Trcrsclm Federal Deposit Insurance Corporation Pam& Danidr-&lki LaSalle Bank, N.A. 550 1 71h Street, NW Mcmben Washington, DC 20429 Malcolm Ba4 PLD. Woodnodr~ Re: RIN 3064-AD28 Robut Cbuldn QapiimCclrtaforChilbm At the Uniycrsity of Chicago Dear Mr. Feldman: Marta Choa Urban Chicago Tmit Authority Cheryl DevllIl I am writing on behalf of Woodstock Institute, a Chicago-based community reinvestment research and policy development organization, in support of the FDIC's Interim Final Thomu Pltqibbon MB Firmuid Rule to permit state non-member banks to participate or assist in financial education Cbda HiU, Jr. programs conducted on school premises, including the receipt of deposits, payment of Mwca County OIlico of Economic Oppommity checks, or lending of money. (1 ,I . r, / , 0 I 3. , hdd Immergtuck .\.;is..! .' ,.,.,, . " . :. . " .4' . Gc&a lashto of Technology state non-membsr.b& shbuld not be required to subniit ;branch applicatidh in order to R+dLe" ~0fIkaCttyAdminimator c~nduct +se tcfici,tie~w&g as they . :,, , are I. teed out as part of a school-based financial . CilyofEartOrmga ':I . .-I !- . I'i, ... r &!&atibq ., i :. 3!, piop, By, wariiii$"this requiiemenk it"is ouriopm~on4 that a significant tbr towe AmTwt Baak regulptory iv'&uld.bk' '=lihihatF. . , .. :.c.:li. 'n'is 7 Godid .. I en~ouriSe1lb~lil:li&ial . ,I..:,4 I.,... - itiSti?hibds Stcvm McCuIlough to 'Ijrbiride dikdi f7nan&il ~ervidei ak part of 'a ''financial 'Ktetendy 'cuh~ulum, adding Bcchcl New1 Life. Inc. Mlhd Mitcbdl $?:on~pi~?ry~~e.y:ly~ !o$he yyfse. , !, , ; :. . MitdlcU Develcpmmt cunmlm Iac. .I.. pi. * 1; &; ., r... By iome estrmates, he&ly half of tht 4@ &illioli 'h;d&sehdlds. Burrenil$ 'hba'oked. bi Maty Nelson, PLD. BcthclNow~k underbanked, have young people present in some 18 million of those households." W& Q. Lemy Parbee0 banks can provide basic financial services through schools, it presents a meaningfbl Tbs Lam Fund opportunity to give financial literacy training at a young age. This will help prepare Stme PuLln* PkD. Ccata f%r Ncigldmhd young people for critical financial decisions, such as a rental agreement, mortgage Tdx~ology application, or student loan occurs. It would also offer participating financial inaitrithlis Gail Sthecbter Intcrfnich Holl~isg CauU of the dI;'~ortb;& to identify n&ir customers before crkdit d4.i;r8vfoirk' akod $oblems 'Ihs Northern Subtub mabe ac~ount,ovnership difficult or unlikely. Sandra P. Scbdnfdd, PkD. . (J #f 11 , . .i!l. . . !, . Fmelnncc Doeumcnler Gregory Quires, PLD. oeorgc wa&ngm Unidty Pounder 4M. R Sehdntdd 1903-1990 . , Mdcolm Bash, PBD. .. ' .. , :!.4,b. : ; ,;. .,#!>.4 ,.,y;jt, kt. ' ,f.,?,! .# ... ::, ,! ,% , . . ( .... Pmident '~non. 2008. CFSI ~ndebbonked ~onsurner study - Fact Sheet. Chicago, IL-, June 8. ht;d.://www:cfsinnovatidn.com/ PaM.+ Wo~Hasiog doc.~hp?load=/~d~qkedcpns~~~tudy~fac~h~1~~e82~8~finl1 cw.pdf. Mmmshtm Director .I . ... ,:...\,I;,: .J:(,,';,;' 29 East AIrdban St, SPltc 1710 . .. . . , . >;.~.~.-v : !.! , ' .. ,.. , . .i. , , - .., :! ,+ , ,; '- ~1E%?* Fu 31U3686316 mrrr.woodr~rorg Woodrtoekconvrnu the Chicago CRA CmUtlon and ir a member 01 the Naronal Community Rdnvatmeat Cwlltlon and the Community Dsvdopmcnt Plnrudal Inrtlbtian'r Codition 5.:; 1- Mr. Robert E. Feldman Federal Deposit Insurance Corporation July 10,2008 Page 2 For 35-years, Woodstock Institute has worked to identify the best and worst practices in the financial services industry, develop public policy to correct unfair or deceptive practices, and widely distribute the local impacts of consumer lending and mortgage lending in lower-income and minority markets. Sincerely, Tom Feltner Policy and Communications Director