SEC Problems Report on Examination Findings of Credit Score Agencies

On December 23, the SEC circulated its yearly staff report in the findings of examinations of credit history agencies registered as nationally recognized rating that is statistical (NRSROs). As needed because of the Dodd-Frank Act, the SEC must examine each NRSRO at least one time each year and offer a report summarizing its findings. Because of the exams, the employees suggested NRSROs enhance a quantity of areas, including (i) the employment of affiliates or third-party contractors into the credit history process, (ii) handling of disputes of great interest pertaining to the score company operations, and (iii) adherence to policies and procedures for determining or reviewing credit scores. 继续阅读SEC Problems Report on Examination Findings of Credit Score Agencies