Seven financial trade groups this week asked federal financial institutions regulators to give the industry some wiggle room in its efforts to comply with new requirements mandated by the Fair and Accurate Credit Transactions Act that are due to become effective on Dec. 1. In a joint Nov. 1 letter, the coalition – including the Mortgage Bankers Association, America’s Community Bankers, the Financial Services Roundtable and the American Bankers Association – urged the Federal…