The head of one of the largest mortgage trade groups in the US said proposed rules on bank capital levels have the potential to upend the nation’s entire system of financing real estate.
Fifty small business owners from across the country were in the nation's capital to protest what is being called Basel III Endgame, a new federal regulation that the business owners said would increase the cost of accessing capital.
Some New Hampshire small business owners were part of a group that descended on Washington, D.C., on Tuesday to protest a potential move by the Federal Reserve that would make it more expensive to get a business loan or line of credit.
J.J. Meddaugh from Kalamazoo is one of several small business owners from around the country who went to Washington D.C. Tuesday to urge lawmakers and the Federal Reserve to stop Basel III Endgame.