If the Federal Deposit Insurance Corp. (FDIC) has its way, federal regulators would not wait for Congress to create national servicing standards, but instead write such rules as part of risk retention guidelines set to be released soon.

The agency's idea has divided the banking agencies, with the Federal Reserve Board and Office of the Comptroller of the Currency (OCC) arguing risk retention is not the place for new servicing standards. But FDIC officials said that with all the problems in the servicing industry, regulators must act now.

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