Sellers of bonds backed by mortgages and auto loans would have to give investors details including the borrowers’ income and credit scores under rules the U.S. Securities and Exchange Commission (SEC) is poised to consider this week, according to two people briefed on the plan.
The Justice Department is expanding an Obama-era enforcement policy.
Future of the distribution rules is linked to the outcome of tax reform.
A transatlantic tie-up has been delayed as both firms weigh a tax bill that one consultant speculates could run into the "tens of millions."
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