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ARCHIVE | Criteria | Structured Finance | Legal: Standard & Poor's Announces Position on OTS Preemption Pronouncements
Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Abstract
Standard & Poor's Ratings Services announced that it has reviewed various opinion letters issued by the Office of Thrift Supervision (OTS) relating to recently passed anti-predatory lending statutes (see opinion letter regarding the Georgia Fair Lending Act (GFLA) issued Jan. 21, 2003; opinion letter regarding the New York Bank Law Section 6L (NYBL) issued Jan. 30, 2003; opinion letter regarding the New Jersey Home Ownership Security Act of 2002 (NJHOSA) issued July 22, 2003; and opinion letter regarding the New Mexico Home Loan Protection Act (NMHLPA) issued Sept. 2, 2003). Based on its review of these opinion letters, the Home Owner's Loan Act (12 U.S.C. --1461 et. seq.) and related regulations (12 C.F.R. --500-599), as well as information received by...
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