WASHINGTON -- With Congress preparing to wrap up work on community development legislation, regulators on Tuesday urged lawmakers to adopt a Senate-passed measure that would encourage securitization of small-business loans.

At the same time, the regulators trashed a rival plan approved by the House Banking Committee. The House bill would give the federal government a heavy role in the development and oversight of a secondary market for all kinds of commercial loans.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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