House Panel Blasts SEC’s Oversight Of Rating Agencies

Law360, New York (April 21, 2016, 8:19 PM EDT) -- The U.S. Securities and Exchange Commission’s efforts to police credit rating agencies after the financial crisis came under congressional fire on Thursday, when members of a House Financial Services subcommittee took an agency official to task for not clamping down more tightly on an industry that was at the center of the Great Recession.

At an oversight hearing about certain of the SEC’s offices and divisions, both Republican and Democratic lawmakers repeatedly took aim at Thomas J. Butler, director of its Office of Credit Ratings, over...
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