Dodd-Frank Act: Changes to the Regulation of Credit Rating Agencies

The Dodd-Frank act specifies numerous rules and requirements for credit rating agencies. Here we describes the specific rules, requirements, and other changes required by the Dodd-Frank Act that impact credit rating agencies. We also outline the Securities and Exchange Commission's enhanced powers in its oversight of credit rating agencies, and the role of the Office of Credit Ratings that was established under the Dodd-Frank Act.