During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implemented.

Powell’s statement comes as the Fed prepares to vote on a proposal to revise the supplemental leverage ratio for large banks.

If finalized as originally designed during the Biden administration, the Basel III rules would create higher capital details ⇒

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