Share on linkedin on behalf of small businesses, asking federal regulators to abandon a push for new banking rules that opponents argue will heap new pressures on Main Street., new capital rules for large and regional banks. They are likely to impact lending decisions in ways opposed by a growing
According to Goldman, access to capital is a recurring problem for many of the small businesses they work with, particularly those with Black or Hispanic owners.— rates perched at their highest in nearly 20 years. Yet smaller and regional banks — which handle much of Main Street's finances — have less fortified balance sheets, and are likely to respond to new rules by tightening credit.
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