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Articles tagged with: Credit Rating Agencies

AFR to SEC: Provide Better Guidance When Removing Credit Rating References from the Investment Company Act of 1940
April 26, 2011 – 3:04 pm

Read the letter here.
 
April 25, 2011
Ms. Elizabeth Murphy
Secretary
Securities and Exchange Commission
100 F Street, NE Washington, DC 20549-1090
Re: RIN 3235-AL02: “Proposed Amendments to Remove References to Credit Ratings in Rule 2a-7 Under The Investment Company Act …

What We Need in the Director of the Office of Credit Ratings
November 12, 2010 – 1:09 pm

Faulty credit ratings played a key role in our nation’s financial meltdown, and now we have chance to ensure that that doesn’t happen again. The Dodd-Frank Wall Street Reform and Consumer Protection Act created the …

Demos: Highlights of the Dodd-Frank Reform Act
September 23, 2010 – 9:37 am

Click here to see this information on the Demos site.
July 15, 2010
By Caleb Gibson Heather C. McGhee
Today, the Senate votes to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act, sending the landmark legislation to President …

Wall Street Reform: Credit Rating Agencies
June 30, 2010 – 2:32 pm

Credit-ratings agencies had been held up historically as neutral arbiters of risk. That turned out to be far from the truth, as evidenced by the numerous mortgage-backed securities and other risky securities that states and …

AFR to Frank and Dodd: Make and Finalize the Strongest Legislation Possible
June 15, 2010 – 3:05 pm

June 15, 2010
Chairman Christopher Dodd
Chairman Barney Frank
Dear Conferee:
As you proceed with these final stages of writing the financial regulatory reform bill we ask you to work for and support a conference report which includes the …

Sen. Franken, Rep. Sherman & OH AG Cordray call for strong accountability for credit rating agencies
June 2, 2010 – 1:17 pm

On the day the Financial Crisis Inquiry Commission held hearings on the role credit rating agencies play in the economic meltdown, Senator Al Franken (D-Minn.), Rep. Brad Sherman (D-Calif.), Ohio Attorney General Richard Cordray and …

AFR Applauds Senate for Bringing Truth to Credit Ratings
May 13, 2010 – 3:30 pm

Washington, DC – Americans for Financial Reform praises the Senate for passing Sen. Al Franken’s amendment to reduce conflict of interest for credit rating agencies.
Heather Booth, Director, Americans for Financial Reform: “We are pleased the …

New York Times: What About the Raters?
May 3, 2010 – 9:57 am

Everyone (except Wall Street bankers) seems to be outraged about Wall Street banks, which made billions by trading complex confections of dicey mortgages and then passed us the tab when the investments went belly up. …