Sen. Elizabeth Warren, D-Mass., has accused Federal Reserve Chair Jerome Powell of prioritizing the interests of big banks over the financial stability of American families. Warren's accusations stem from Powell's consideration of reducing the proposed increase in capital requirements for large U.S. banks under the Basel III Endgame regulations. The regulations, aimed at preventing another financial crisis like the 2008 global meltdown, have faced opposition from bank CEOs and their lobbying groups who argue the rules are too stringent. Warren argues that Powell's willingness to water down the regulations is a result of extensive lobbying by the banking industry, particularly led by JPMorgan Chase CEO Jamie Dimon. She has urged Powell to uphold the original, tougher Basel proposal and prioritize the financial security of middle-class and working families over the interests of wealthy investors and CEOs. With the November U.S. elections looming, the fate of the regulations hangs in the balance, raising concerns about potential delays or scrapping of the rules if regulatory action is not taken promptly.