Rising interest rates aren’t the only thing that could bump up the cost of financing everything from autos and housing to industrial equipment next year. 

A rule set to take effect in 2016 could make it more expensive to issue bonds backed by financial assets such as loans and leases. Called securitization, this is a common way for both banks and nonbanks such as captive finance companies to fund their lending. Making it more expensive might raise borrowing costs for borrowers as well.

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