Category: Email blasts

The Consumer Price Index published today finds consumer prices rose again, confirming the economy has still not recovered for many Americans. Reducing access to capital in our financial system by implementing the Basel III Endgame during this critical period of time is expected to make economic conditions worse for consumers.  One thing is clear: Basel III Endgame is a… Continue reading Consumers continue to pay higher prices and Basel III Endgame expected to make it worse

You may have seen an opinion piece in today’s Washington Post arguing that regulators should “ignore” the concerns being raised about Basel III Endgame proposed rule, as only “a few details” may merit reconsideration. This attempt to downplay the significance of the proposed regulation overlooks crucial details. Contrary to what the authors claim, the Basel… Continue reading Setting the record straight: Basel III Endgame can’t just be tweaked.

Today, in response to a question on how regulators were working to minimize the impact on consumers from the Basel III Endgame, Federal Reserve Vice Chair Michael Barr said the Fed and other regulators “…want to make sure there aren’t any unintended consequences… So the public comment that we’re getting on this is really critical for us… Continue reading The Fed must go back to the drawing board to prevent unintended consequences of Basel III Endgame

More Americans are speaking out about the unintended consequences Basel III Endgame might have on farmers, pensioners, and even people saving for retirement. Here is what they are saying: Americans have made their position clear: The Fed needs to go back to the drawing board on Basel III Endgame. 

Recently, multiple stakeholders warned that the impact of Washington’s capital regulation plan—known as Basel III Endgame—has been gravely underestimated. Regulators need to go back to the drawing board to ensure that hard working Americans will not be paying the price for Washington’s proposed capital regulation plan.

Yesterday, 100 House Democrats sent a letter to bank regulators asking them to reevaluate the impact of Washington’s proposed capital regulation plan on green energy investments.  These lawmakers add to a growing list of stakeholders raising concerns about the impacts of Basel III Endgame. Green energy investments is just one item in a long list of potential… Continue reading The concerns over Basel III Endgame continue to grow…

On the heels of last week’s Senate Banking Committee hearing with the CEOs of the nation’s largest banks, key media outlets highlighted the negative consequences Washington’s proposed capital regulation will have on American consumers, homebuyers, and businesses. Here is what they are saying:

Today, Kevin Fromer, President and CEO of the Financial Services Forum, spoke on Bloomberg TV about the negative impacts of Washington’s capital regulation plan, which will be an important part of tomorrow’s Senate Banking hearing with the CEOs of the nation’s largest banks. Kevin’s comments are a part of a growing number of local and national voices urging… Continue reading Fromer: Increased capital will harm small businesses, consumers, markets, and the broader economy

Ahead of tomorrow’s Senate Banking Committee hearing with the chief executive officers of national banks, I wanted to bring to your attention the continued reaction from a variety of stakeholders across the country, warning of negative consequences from Washington’s capital regulation plan. From how this rule will impact American homebuyers to small businesses and consumers,… Continue reading Third-parties, local officials, and key stakeholders express concerns over Washington’s proposed capital regulation plan

National attention to proposed increases in capital requirements for banks continues to grow as more stakeholders warn of the plan’s negative consequences on American businesses, homebuyers, and consumers. Below is what people are saying: Rep. Jim Himes (D-CT) argued that banking regulators are not clear on the need for extensive capital increases: “You’re sensing and hearing… Continue reading Policymakers and key stakeholders continue to express concerns about Washington’s proposed capital regulation plan