SEC Problems Report on Examination Findings of Credit Score Agencies

SEC Problems Report on Examination Findings of Credit Score Agencies

On December 23, the SEC circulated its yearly staff report in the findings greenlight cash customer service of exams of credit score agencies registered as nationally recognized rating that is statistical (NRSROs). As needed by the Dodd-Frank Act, the SEC must examine each NRSRO at least one time per year and offer a written report summarizing its findings. Due to the exams, the employees suggested NRSROs improve a quantity of areas, including (i) making use of affiliates or third-party contractors into the credit score process, (ii) handling of disputes of interest associated with the score company operations, and (iii) adherence to policies and procedures for determining or reviewing credit scoring. Pokračování textu SEC Problems Report on Examination Findings of Credit Score Agencies