The Securities and Exchange Commission wants issuers of asset-backed securities to increase information to investors regarding loans and the assets that back them. If the proposed rule is adopted, the SEC would require ABS issuers to disclose the process and findings of any review performed on the assets, as well as data about how the loans in the pool may differ from information in a prospectus. “This marks the third commission proposal to address the ABS issues that came to light during the financial crisis,” SEC Chairman Mary Schapiro said. “This proposal will require issuers to provide investors with better information about the loans backing the asset-backed securities.” The regulator also wants issuers to provide information about loans that didn’t meet disclosed underwriting criteria outlined in a prospectus, and about the entity that determined such loans should be included in the pool, despite not complying with disclosed underwriting standards. The SEC wants public comments on the proposal submitted by Nov. 15. Write to Jason Philyaw.