MBA President and CEO Bob Broeksmit, CMB Statement on Implementing Basel III
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The Mortgage Bankers Association (MBA) appreciates the opportunity to comment on the issues raised by the Financial Institutions and Monetary Policy Subcommittee’s September 14, 2023, legislative hearing entitled, “Implementing Basel III: What’s the Fed’s Endgame?” MBA strongly opposes key elements of the proposal, which, absent significant revisions, our industry fears will increase borrowing costs and reduce credit availability.
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