Dodd-Frank: Rating Agencies And The ABS Market

Law360 (January 24, 2011, 2:06 PM EST) -- It should have come as no surprise that, within the 2,300 pages of the most sweeping financial regulatory legislation since the Great Depression, there were a few unheralded provisions with significant consequences.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by the U.S. Congress and signed into law by President Barack Obama on July 21, 2010. The legislation introduced broad reforms to many areas of the financial markets, but one provision that garnered little attention prior to the bill becoming law paralyzed the...
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