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.