Basel Blowback Escalates -- With Even Some Democrats Piling on

Also, CFPB stokes a fresh fight with banks on overdraft fees; PredictIt's lawsuit against CFTC moves to D.C.; SEC sets final vote on SPAC rule; In memoriam, David Stevens

Jockeying over the Basel endgame continued today as more opposition flowed into the bank regulators and Fed Governor Michelle Bowman, a leading critic, called for “substantive changes” to the capital plan. Still, she indicated there is room to compromise.

Speaking at a U.S. Chamber of Commerce event, Bowman emphasized that “policy involves tradeoffs” and…