“An important benefit of these proposals is that they would reduce incentives for traditional lending activities—like mortgage origination, mortgage servicing, and lending to businesses—to migrate outside of the regulated banking sector,” said Michelle Bowman, whom President Trump appointed as Federal Reserve vice chair for supervision.

https://www.wsj.com/finance/regulation/u-s-regulators-propose-more-lenient-capital-rules-for-big-banks-afd3797f?st=Xa8Xfy&reflink=desktopwebshare_permalink&_bhlid=5f609c08a20598505b75a6862ff77d0ccfd0dbf1