Browsing: SEC

Newsbytes House lawmakers urge SEC to rethink securitizations rule

A proposed Securities and Exchange Commission rule to prohibit conflicts of interest in certain securitizations would harm families by increasing the cost and reducing the availability of financing across the economy, a bipartisan group of 21 House lawmakers said.

Newsbytes ABA backs bill to overturn SEC accounting bulletin

ABA expressed support for a House bill that would prohibit the SEC and federal banking agencies from requiring banks to include assets held in custody or safekeeping as a liability on the institution’s balance sheet.

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