Tag: agencies
Yield Burning
DefinitionYield burning is a form of financial fraud involving the United States municipal bond market. Yield Burning What is 'Yield Burning' The...
National Foundation For Consumer Credit (NFCC)
What is 'National Foundation For Consumer Credit - NFCC' A non-profit organization that seeks to educate consumers about credit and borrowing. One...
Nationally Recognized Statistical Ratings Organization (NRSRO)
What is 'Nationally Recognized Statistical Ratings Organization - NRSRO' The formal term to describe credit rating agencies that provide credit ratings that...
Office Of The Comptroller Of The Currency (OCC)
What is 'Office Of The Comptroller Of The Currency - OCC' A U.S. federal agency that serves to charter, regulate and supervise...
Ratings Service
What is 'Ratings Service' A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for...
Quasi-Public Corporation
What is a 'Quasi-Public Corporation' A type of corporation in the private sector that is backed by a branch of government that...
VantageScore
DefinitionVantageScore is a consumer credit-scoring model, created through a joint venture of the three major credit bureaus. The model is managed and maintained by...
Fair And Accurate Credit Transactions Act (FACTA)
What is 'Fair And Accurate Credit Transactions Act - FACTA' A U.S. resolution passed in 2003 that is aimed at enhancing protection...
Federal Financial Institutions Examination Council (FFIEC)
What is the Federal Financial Institutions Examination Council and what do they do
The Federal Financial Institutions Examination Council (FFIEC) is a U.S. government organization...
Fair Credit Reporting Act (FCRA)
DefinitionThe Fair Credit Reporting Act, 15 U.S.C. § 1681 is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer...