Two former Moody's Investors Service employees detailed allegations of misconduct at the big ratings firm as U.S.
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CREDIT-RATING AGENCY REFORM
Credit-rating agencies -- the two biggest are Standard & Poor's and Moody' s-- assess and grade the creditworthiness of companies and public entities that issue debt and the debt itself. These financial gatekeepers, which are paid by the issuers they rate, influence an issuer’s ability to raise or borrow money. Long criticized for conflicts of interest, as the current financial crisis gained momentum, the agencies were derided for failing to identify risks in mortgage securities. New legislation is in the works to reform the regulation of credit-rating agencies.
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Richard Cordray lives in a 130-year-old brick farmhouse near Grove City, Ohio, just four miles from the modest home...
TransUnion is one of the famous credit reporting companies out of three which keeps the record of all your financial...
One of the three credit reporting agencies organized by the Government is Experian. It is going well in providing you...
Want to understand credit score? This is a million dollar question comes in everybody’s mind, especially who uses the...
The New York attorney general is said to be scrutinizing eight banks that may have provided misleading information to...
The recent financial meltdown demonstrated that credit rating agencies were blind to the dangers ahead.
The Obama administration's plan to reform credit rating agencies, considered key contributors to the economic crisis...
These days, many small businesses can't afford to write off debts from customers who don't pay. That makes business...
Cramer’s biggest gripe is that these agencies – Standard & Poor’s, Moody’s and Fitch, among others – are paid by...
The Obama administration sent Congress its latest plan to spruce up the much maligned credit rating business.
The ratings agencies are facing heavy selling pressure after a judge rejected their longtime defense that they are...
Why there's been a lot of talk about protecting consumers but little action.
Tips on how to assess your credit report and improve your credit score through credit repair.
US-based credit rating agencies helped cause and accentuate the current economic crisis. Yet in President Barack...
Investors who believe that major credit-rating firms should be held responsible for their disastrously optimistic...
Credit rating agencies may find it harder to argue that their opinions deserve free speech protection after a judge...
Proposed U.S. legislation to make credit-ratings companies liable for one another’s missteps would discourage...
There are three main Nationwide Consumer Reporting Organizations that is EquiFax, TransUnion and Experian.
Until a few months ago, overhauling the rating agencies looked like the proverbial low-hanging fruit of financial...
Credit rating agencies would face a raft of new disclosure rules and restrictions but would not be forced to overhaul...
Securities and Exchange Commission Chairman Mary Schapiro is set to tell Congress she has directed her staff to look...
The Obama administration is resisting calls to help ensure that credit ratings are reliable, saying this would force...
At the heart of the problem is that it is legal for companies and other issuers of securities to give confidential...
Publisher McGraw Hill has dropped my friend Barry Ritholtz's much-touted book Bailout Nation, just weeks before its...
Top Sources: Credit-Rating Agency Reform
- New York Times
- qfinance.com
- bloomberg.com
- WikiAnswers - Questions that Need Answers
- BusinessWeek
- Financial Times
- businessinsider.com
- connotati.com
- bogleheads.org
- mycreditscoretips.com
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