Regulators looking to crack down on asset-backed securities will do little to protect investors -- and likely drive issuers from the fast-growing market, Duff & Phelps Credit Rating Co. warns.

A solid credit record of bonds backed by pools of home mortgages, credit cards, and other consumer debt -- now among Wall Street's hottest-selling products -- already makes them sound investments, according to Julie P. Schlueter, group vice president at the the Chicago-based agency.

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