Michelle Bowman, the Federal Reserve‘s vice chair for supervision, used a major industry forum to argue that Basel capital rules have helped to drive mortgage lending and servicing away from banks — and that it’s time to reconsider that approach.

Addressing the American Bankers Association (ABA)’s 2026 Conference for Community Bankers on Monday, Bowman described what she called a troubling structural shift.

“Today, I would like to discuss a concerning trend in our financial system that has significant implications for the banking industry, the stability of the mortgage market, and consumers,” she told attendees. “Whether due to a conscious decision details ⇒

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