On June 26, Fitch released its updated criteria for rating credit card asset-backed securities.  Report.

On June 23, Fitch released its updated criteria for rating thermal power projects.  Report.

On June 23, Fitch released its updated global criteria assumptions for analyzing the use of lender’s mortgage insurance in RMBS transactions.  Report.

On June 23, Moody’s published its updated methodology for rating future receivables transactions.  Report.

On June 22, Moody’s published its revised methodology for rating securities backed by utility recovery charges.  Report.

On June 16, Moody’s published its revised methodology for rating counterparty instrument rating.  Report.

On June 16, Moody’s published its revised methodology for rating credit card receivables-backed securities.  Report.

On June 15, Moody’s published its revised methodology for rating repackaged securities.  Report.

On June 15, Moody’s published its updated methodology for financial statement adjustments.  Report.

On June 12, Fitch released its updated criteria for rating U.S. RMBS transactions.  Report

On June 12, Fitch released its updated criteria for rating issuers that use Distressed Debt Exchanges.  Report.

On June 12, KBRA released its methodology for rating bonds issued by public sector entities and secured by revenues generated form a tax assessment on real property.  Report.

On June 10, DBRS released its updated methodology for rating U.S. structured finance transactions backed by direct pay letter of credit.  Report.

On June 9, DBRS published updated versions of its various methodologies for structured finance products.  Press Release.

On June 9, DBRS published its methodology setting forth consistent approach for application of interest rate stresses applied across all U.S. structured finance methodologies.  Report.

On June 9, Fitch released its updated criteria for rating U.S. non-profit hospitals and health systems.  Report.

On June 10, CFPB published a final rule today that allows the agency to begin supervising large, nonbank auto finance companies for the first time.  The newly adopted rule will extend the CFPB’s supervision to any nonbank auto finance company that makes, acquires or refinances 10,000 or more loans or leases per year.  The CFPB also released the examination procedures that will be used to ensure the auto finance companies’ compliance with the law.  Press Release.  Final Rule.  Examination Procedures.

On June 12, the Securities and Exchange Commission announced that it is seeking public comments on issues relating to listing and trading of new, novel, or complex exchange-traded products.  The request for comment addresses key issues that arise when exemptions are sought by a market participant to trade a new product or when a securities exchange seeks to establish standards for listing new products.  The comments may be submitted by August 17, 2015.  Request for Comments.

On June 15, CFTC Division of Market Oversight published a letter extending the time-limited relief provided by previously issued no-action letter 14-90, expiring on June 30, 2015, to  June 30, 2016.  The relief applies to the obligation of Swap Dealers and Major Swap Participants to report valuation data for cleared swaps pursuant to section 45.4(b)(2)(ii) of CFTC’s regulations.  Press Release.  Staff Letter.

On June 24, the Consumer Financial Protection Bureau (CFPB) issued a proposed amendment to delay the effective date of the TILA-RESPA Integrated Disclosure Act, also known as the Know Before You Owe mortgage disclosure rule, until October 3, 2015. The delay is largely due to an administrative error that was made in the rule disclosure and review process.  Press Release.  Proposed Rule.