SEC adopts rules on loan-backed securities

Published August 27, 2014 11:24pm ET



WASHINGTON (AP) — Federal regulators on Wednesday voted to require financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, to give investors details on borrowers’ credit records and income.

The Securities and Exchange Commission adopted the rules for securities linked to mortgages and auto loans on a 5-0 vote.

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