WASHINGTON-One day after six federal agencies issued a notice revising a proposed rule requiring sponsors of securitization transactions to retain risk in those transactions, insiders questioned if the changes do much to help credit unions.

The U.S. Department of Housing and Urban Development, Federal Housing Finance Agency, OCC and SEC joined the Fed and FDIC in releasing the proposed rule. The new proposal revises a proposed rule the agencies issued in 2011 to implement the risk retention requirement in the Dodd-Frank Act.

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