Rating Agencies Accused of Civil Rights Violations for Bad Ratings
December 15, 2008
Moody’s Investors Services and Fitch Ratings, Inc., and possibly Standard & Poor’s, are facing civil rights complaints for their alleged role in the foreclosure mess. The complaint was filed last month with the Department of Housing and Urban Development’s Office of Fair Housing and Equal Opportunity. The complainant, the National Community Reinvestment Coalition, is still in discussion with...