GAO directed to review regulatory 'gaps' at consumer credit rating agencies

The massive Dodd-Frank rollback bill recently signed into law includes a provision requiring the Government Accountability Office to study “gaps” in the legal and regulatory structure overseeing consumer credit rating agencies like Equifax, a step short of legislation proposed in the House that would require designation of a federal agency to supervise such firms.

Section 308 of S. 2155, passed by the House with no changes from the Senate version and then signed into law by President Trump last...