A bipartisan group of 25 congressmen has criticized the U.S. Securities and Exchange Commission’s proposed rule to prohibit conflicts of interest in certain securitization transactions, saying the proposal would make it challenging for working families to get loans and financing. 

In a letter to SEC Chair Gary Gensler, the lawmakers stated Tuesday that “the proposal’s overly broad requirements could significantly curtail participation in the securitization market, a critical source of risk mitigation for our financial system and affordable credit for American households and businesses.”

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