States to roll out subprime guidance for brokers

(Reuters) - Officials at CSBS, a group representing state regulators, said so far about 27 states and the District of Colombia plan to adopt the guidance within 48 hours after it is issued on Tuesday. No state has indicated that it will not eventually adopt it, they said.




Last month federal banking regulatory agencies issued guidance to curtail risky practices blamed for a record level of home foreclosures, according to the state group.


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