A broad coalition of banking and housing finance trade groups is urging federal regulators to scale back parts of the proposed Basel III capital rules, arguing that overlapping requirements and elevated risk weights could unnecessarily restrict lending and economic growth.

The Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA) and several other groups submitted comment letters this week to the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corp.

The groups said that while the Basel reproposal is a “step in the right direction” compared to the details ⇒

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