Search results
Results From The WOW.Com Content Network
The Credit Rating Agency Reform Act ( Pub. L. 109–291 (text) (PDF)) is a United States federal law whose goal is to improve ratings quality for the protection of investors and in the public interest by fostering accountability, transparency, and competition in the credit rating agency industry. [1]
The Credit Rating Agency Reform Act of 2006 created a voluntary registration system for CRAs that met a certain minimum criteria, and provided the SEC with broader oversight authority. The practice of using credit rating agency ratings for regulatory purposes has since expanded globally.
In 2006, the Credit Rating Agency Reform Act was passed, intending to break the dominance of the "big three" agencies—Standard & Poor's, Moody's, and Fitch—by making it easier to qualify as a "nationally recognized" ratings agency.
The Fair and Accurate Credit Transactions Act of 2003 ( FACT Act or FACTA, Pub. L. 108–159 (text) (PDF)) is a U.S. federal law, passed by the United States Congress on November 22, 2003, [1] and signed by President George W. Bush on December 4, 2003, [2] as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and ...
A third rating agency has improved Oklahoma’s credit rating from “stable” to “positive,” which Gov. Kevin Stitt and state Treasurer Todd Russ said Wednesday is a sign their conservative ...
The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the Great Recession, and it made changes affecting all federal financial regulatory agencies and almost every part of the nation's financial services industry.
In 2006, following criticism that the SEC's "No Action letter" approach was simultaneously too opaque and provided the SEC with too little regulatory oversight of NRSROs, the U.S. Congress passed the Credit Rating Agency Reform Act of 2006, Pub. L. Tooltip Public Law (United States) 109–291 (text), 120 Stat. 1327, enacted September 29, 2006 ...
The Dodd–Frank Wall Street Reform and Consumer Protection Act was created as a response to the financial crisis in 2007. Passed in 2010, the act contains a great number of provisions, taking over 848 pages. It targets the sectors of the financial system that were believed to be responsible for the financial crisis, including banks, mortgage ...