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CREDIT RATING AGENCIES
One Way Bernie Sanders Thinks He Could Stave Off Another Financial Crisis
He wants to end a conflict of interest in how debt is rated.
Van Tine Dennis/ABACA USA
Why Bernie Sanders Wants To Make Credit Rating Agencies Into Nonprofits
The presidential hopeful says the industry has a major conflict of interest. He's not wrong.
Debt Serfdom in America - Part 1
Liaquat Ali Khan
Founder, Legal Scholar Academy, Kansas
(Thanks to Pixabay) Credit cards are designed with much deliberation as attractive nuisance - an object that attracts but
New York City Should Be Cautious About Increasing Its Debt
President of the Citizens Budget Commission
New York City has more outstanding debt than ever before, and Mayor Bill de Blasio has proposed a 10-year capital plan that will increase it substantially. Now is the time to consider how much debt is appropriate.
Credit Agencies To Go Easier On Medical Debts
Around 43 million Americans have past due medical debts on their credit reports, according to a December 2014 report by the Consumer Financial Protection Bureau (CFPB).
4 Credit Fixes That Actually Work (That Nobody Uses)
If your credit report has mistaken, don't become just another statistic and don't stop fighting. Here are four unconventional tactics you can use to stick it to the credit man and get the results you want.
'Big Bang' Budget Bad for Illinois
Emily J. Miller
Policy and Advocacy Director at Voices for Illinois Children
In a recent editorial, the Wall Street Journal wrote a disastrous economic prescription for Illinois, one that calls for a "big bang" of the sort that has blown up Kansas' budget and turned that state into a poster child for reckless and short-sighted financial management.
SEC Chair Mary Jo White's Upcoming Test
Financial Services Counsel, Consumer Federation of America
The indications we've been given -- although no one is willing to state definitively what the final rule is likely to include -- suggest that we shouldn't get our hopes up that our chief concerns will be comprehensively or even meaningfully addressed. We hope we are reading those indications wrong.
Will New York City Lead the Fight Against Employment Discrimination?
Associate Director, Research & Policy at Demos
The nation's for-profit credit reporting companies, which developed credit reports as a tool for lenders, have sought new markets for their product and aggressively marketed them to employers -- evidence be damned.
U.S. Partially To Blame For Puerto Rico Debt Crisis, Representative In Congress Says
"I'd say that this debt that has piled up for decades in Puerto Rico is directly related to our status," Pedro Pierluisi
Do you have info to share with HuffPost reporters?
Controlling Risk in a World of Risks
Dominique de Villepin
Poet, Prime Minister of France from 2005-2007
Now is the time for a new globalization, that can be either multipolar, based on fair development, stability and innovation or confrontational, based on privileges, speculation and inequities. This means making choices and changes in many sectors: let's begin with credit rating.
Do the Best Credit Repair Services Really Work?
Simple. Thrifty. Living.
Money advice for everyday people
Credit repair is not a guaranteed fix of your credit score, but if you go in knowing the risks and pick a company with a good reputation and money-back guarantee, you can hopefully avoid being burned.
How Mariano Rivera Can Help You Hit a Home Run With Your Credit
Credit & Identity Theft Expert, Author, CEO of The Kelly Gro...
As an avid Yankees fan, I'm very sad to see Mariano "Mo" Rivera retire after 19 seasons in major league baseball. But I'm excited by the lessons we can all learn from him and how they can help you improve your credit.
Standard & Poor's Loosens Credit-Rating Standards To Win More Business: Report
S&P called the NYT's analysis, which was done for the paper by a research firm called Commercial Mortgage Alert, "flawed
The Last Mystery Of The Financial Crisis | Politics News | Rolling Stone
It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove
This Looks Familiar
Eleazar David Melendez
Standard & Poor's Admits Its Claims Of Objectivity, Integrity Are Mere 'Puffery'
In that, S&P does have a point: You did have to be kind of an idiot to actually believe that its ratings meant anything. Everybody
Quarterly Check-up: The Fast, Easy Way to Better Credit
Credit & Identity Theft Expert, Author, CEO of The Kelly Gro...
Like your car or your body, your credit is something that needs a regular review so that it keeps getting healthier and doesn't "deteriorate" on you.
The S&P Lawsuit Shouldn't Leave Investors Feeling Too Moody
Freelance journalist and author
Animosity towards ratings agencies has resulted in the widespread distrust of their predictive capacities on the part of many in the world of finance. At best, many investors now see the ratings given by S&P et al. as meaningless posturing, and at worst as complete untruths.
Warning! Wikipedia Will Make Your Financial IQ Drop (Update)
President, Tavakoli Structured Finance
If you want to know why relying on information supplied on the internet by anonymous strangers is a bad idea, look no further than Wikipedia's articles on finance.
Is Wall Street's Business Model Corrupt?
Executive Director, The Labor Institute
When what you do is make money from money, it seems as if breaking or avoiding laws and rules create victimless crimes. It's all a big game, where each person is trying to out-hustle the other. It's him or me so what does it matter if we both cheat a bit?
Bad News For S&P
S&P To Face Charges From States, U.S. Over Wrongdoing Before Financial Crisis: Report
By Reuters, Reuters
S&P and its main rivals, Moody's Corp's Moody's Investors Service and Fimalac SA's Fitch Ratings, have long faced criticism
Equifax Sells Private Information To Debt Collectors In 'Biggest Privacy Breach In Our Time': Report [UPDATE]
In July, the Consumer Financial Protection Bureau began supervising U.S. credit reporting agencies, including Equifax, TransUnion
There's a Chance Your Credit Report Is Wrong and the New Consumer Agency Is Hamstrung
Why don't we have tougher laws that prohibit banks and credit card companies from fabricating negative credit scores so that they can charge higher interest rates and laugh all the way to the bank?
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