Author: fsf

Wanted to draw your attention to an op-ed from Laurie Goodman, an Institute fellow and the founder of the Housing Finance Policy Center at the Urban Institute, about the negative impacts Washington’s capital requirement regulations will have on the mortgage market. In the piece, Goodman argues that: Earlier this year, Goodman co-authored a study that found that the proposed… Continue reading Urban Institute op-ed raises concerns about stricter capital requirements

At the National Housing Conference this morning, the National Fair Housing Alliance, expressed significant concern that the finalization of Washington’s capital regulation plan will negatively impact consumers.  The National Fair Housing Alliance and numerous other community advocacy groups have continuously raised concerns about how stricter capital regulations will impact consumers, particularly in underserved communities. No one stands to… Continue reading National Fair Housing Alliance raises concerns about how capital restrictions will hurt underserved communities

At the FOMC press conference yesterday, Federal Reserve Chair Powell hinted at changes about the proposed capital requirement increase when asked about Washington’s capital regulation plan. Regulators have been split on this proposal since the beginning, pushing it through with a 4-2 vote, an unprecedented move for the Federal Reserve.  Victoria Guida, POLITICO: “I wanted to ask about the… Continue reading Powell hints at changes to the capital requirement plan at FOMC press conference

The Administration’s clean energy plan is under threat because of the Fed’s proposed capital requirement changes, which would make it more expensive for banks to invest in clean energy, according to POLITICO. “The implication is a massive reduction in the amount of capital that’s available to decarbonize our energy system and make investments in cheaper energy assets,”… Continue reading Fed’s proposed capital plan threatens clean energy

This week, bipartisan members from the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access, led by Chairman Dan Meuser and Ranking Member Greg Landsman, sent a letter to the Federal Reserve expressing concerns the capital regulation would have on small business lending and asked for an economic analysis on the proposed regulation. Ranking Member… Continue reading Growing Bipartisan Voices Underscore Economic Risks of Proposed Capital Requirements Rule

Earlier today, the Financial Services Forum and its member banks launched a new campaign, Americans Can’t Afford It, highlighting the economic consequences of Basel III Endgame on consumers, small businesses, and the economy at large. The campaign was featured in a CNBC Squawk Box segment led by Leslie Picker this morning and was highlighted in POLITICO’s… Continue reading In the Media: “Americans Can’t Afford It” Campaign Launch