Battling Over Basel: House Hearing Features Spirited Debates Over Rule's Impact on Banks and Vulnerability to Legal Challenges

Also, CRA revamp is about to be published in Federal Register -- paving the way for an expected lawsuit

While it may have been overshadowed by the tech titan takedown in the Senate, there was yet another Basel showcase today at a House Financial Services subcommittee. No surprise, the witness table was heavily tilted toward opponents of regulators’ plan to hike capital requirements. And the experts didn’t disappoint – offering up crisp assessments that th…