washington's capitalregulation plan carries areal cost for:
has a steep price tag for Americans at a time when consumers are already stretched thin and paying more for everyday items, including groceries, gas, and energy bills.
This proposal will increase borrowing costs, making it harder for families to buy a car, for small businesses to secure essential funding to hire more workers, and for farmers to take out loans for next year's crops.
REGULATION PLAN
EXPLAINED.
The capital regulation plan, also known as the Basel III Endgame proposal, originally required banks to maintain nearly 30% more capital, which would have increased borrowing costs for lower- and middle-income Americans.
After widespread concerns, regulators are rewriting the proposal. As they do so, they must consider how it 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.