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Articles tagged with: Credit Rating Agencies

AFR in the News: The Great Escape: How Credit Raters Ducked Reform (Bloomberg)
August 2, 2017 – 4:20 pm

“The issuer-pays model remains an incentive for raters to go easy on clients, says Marcus Stanley, policy director at Americans for Financial Reform… ‘As long as ratings agencies are both central to securities markets and face incentives to inflate ratings and mislead investors, they pose a risk to the financial system…'”

Letter to Congress: AFR, 10 Consumer Advocacy Organizations Urge Congress to Reject HR 347
April 28, 2015 – 5:18 pm

“The undersigned national consumer organizations would like to express our strong opposition to H.R. 347 (Royce and Hinojosa), the misleadingly-named “Facilitating Access to Credit Act of 2015.” This bill would unnecessarily allow credit bureaus to be exempt from coverage by the Credit Repair Organizations Act (CROA).”

AFR in the News: One Way to Find Out if Mary Jo White is Tough Enough
February 5, 2013 – 6:02 pm

Litigation Daily’s Susan Beck nudges the probable next SEC chair to take on the rating agencies and their built-in conflict of interest.

AFR comment to SEC re “Franken Amendment” on Credit Rating Agencies
September 14, 2011 – 1:53 pm

Click here to view AFR’s comment letter to the SEC  regarding the study on assigned credit ratings for structured finance products mandated by section 939F (Franken Amendment) of Dodd-Frank.  We said it is vitally important …

Press Coverage from Credit Ratings Agencies Briefing Call
September 6, 2011 – 7:07 am

Franken Pursues Tighter Oversight of Rating Agencies
Ben Protess (Dealbook/NYT)
September 1, 2011
“The Dodd-Frank Act cracked down on the credit rating agencies, the firms that awarded rosy ratings to bonds backed by junky mortgages, but some lawmakers …

AFR in the News: Credit Ratings Agencies Still Remain Dangerously Flawed
September 5, 2011 – 8:00 am

Americans for Financial Reform (AFR) hosted a conference call with reporters and bloggers on Thursday, September 1, 2011 to discuss problems in the oversight of the major credit rating agencies and ways to achieve better ratings agency accountability under the Dodd Frank Act.

This Week in Wall Street Reform
June 17, 2011 – 1:48 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – June 11, 2011 – June 17, 2011.

This Week in Wall Street Reform
June 10, 2011 – 2:20 pm

Click here to view this week’s highlights and lowlights in Wall Street Reform – June 3, 2011 – June 10, 2011.