Warren and Brown Urge Regulators to Undo Recent Capital Changes

American Banker, June 22, 2020–Neil Haggerty (subscription)
Two Democratic senators are calling on regulators to reverse their recent decision to ease a key capital requirement for banks. Sens. Sherrod Brown of Ohio, the Senate Banking Committee’s top Democrat, and Elizabeth Warren of Massachusetts said in a letter Friday that a change to the supplementary leverage ratio that was announced in May “is dangerous and puts the economy and hardworking families at risk.”