Forty to 50 companies, virtually all of them mortgage-related, have joined the electronic-commerce lobbying group that Microsoft Corp. is forming with three other financial services giants, a Microsoft executive said.

Countrywide Credit Industries, GE Capital Services and Intuit Inc. are the other three founding members of the Electronic Financial Services Council. The group is expected to focus at first on home lending.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.