The Fed’s Proposed Capital Rule Draws Widespread Criticism

The Federal Reserve’s plan to boost capital requirements for big banks faces mounting criticism from large banks, Democratic lawmakers and civil rights groups. This widespread opposition could complicate the regulator’s goal of strengthening the financial system after midsize bank failures in 2023. Concerns center on potential adverse effects on racial homeownership gaps, access to credit and U.S. competitiveness, with worries about stricter rules for U.S. banks compared to overseas competitors.

Read More