El Hotepsekhemwy Pero @MalikaDulce What is: credit default swap...? ;) __________________________________ It can't get any simpler than this... 15 U.S. Code § 78c; Definitions 15 U.S. Code § 78c-1; Swap agreements 15 U.S. Code § 78c-2; Securities-related derivatives 15 U.S. Code § 78c-3; Clearing for security-based swaps 15 U.S. Code § 78c-4; Security-based swap execution facilities 15 U.S. Code § 78c–5 - Segregation of assets held as collateral in security-based swap transactions [Securities and Exchange #Commission / Congress/] ___________________________________________ Start here and follow along... Title 15. COMMERCE AND TRADE Chapter 41. CONSUMER CREDIT PROTECTION Subchapter III. CREDIT REPORTING AGENCIES 15 U.S. Code § 1681 - Congressional findings and statement of purpose (a)Accuracy and fairness of credit reporting The Congress makes the following findings: (1)The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system. (2)An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers. (3)Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers. (4)There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer’s right to privacy. (b)Reasonable procedures It is the purpose of this subchapter to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this subchapter. (Pub. L. 90–321, title VI, § 602, as added Pub. L. 91–508, title VI, § 601, Oct. 26, 1970, 84 Stat. 1128.) ___________________________________________ Now see; 15 USC 78ff... 78gg... 78kk... We'll talk more in the zooms and in the meantime... Please feel free to share some love here: https://www.paypal.me/keithlittle

Posted by El Hotepsekhemwy Pero at 2020-12-07 20:46:15 UTC