Category: Email blasts

Today, the House Financial Services Committee echoed their Senate colleagues in voicing concerns to federal banking regulators about Washington’s proposed capital regulation plan. The committee’s Democratic members noted that the plan would negatively impact small businesses, lower- and middle-income Americans’ ability to access loans, and the clean energy transition: Rep. David Scott (D-GA) argued that the proposed changes to… Continue reading Bank regulators pushed for more transparency on proposed capital regulation plan

This morning in front of the Senate Committee on Banking, Housing, and Urban Affairs, federal banking regulators faced questions and concerns from a bipartisan group of senators on the negative impacts of Washington’s proposed capital regulation plan. The committee’s Democratic senators argued that the plan would negatively impact small businesses, lower- and middle-income Americans’ ability to access loans,… Continue reading Senate Democrats to regulators: Your proposal will harm my state

The impact of the proposed increases in capital requirements for banks continues to garner nationwide attention. Policymakers, third parties, and key stakeholders are warning of the potential negative consequences Washington’s capital regulation plan will have on Americans’ ability to run their small businesses, get a loan, or secure a mortgage. Below is what people are saying: Third… Continue reading Policymakers, third parties, and key stakeholders raise concerns about Washington’s proposed capital regulation plan

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