The capital regulation plan, also known as the Basel III Endgame proposal, will require banks to maintain nearly 30% more capital, resulting in increased borrowing costs for lower- and middle-income Americans.

Federal regulators have not properly considered how this proposal will impact Americans across the country, especially those in underserved communities.

The state of the U.S. economy is uncertain, as Americans face increasing inflation and higher prices. Now is not the time to bring higher costs to consumers and small businesses.