Credit-Rating Providers Settle With SEC Over Off-Channel Communication Violations #GotBitcoin #BitcoinFixesThis

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford

Meanwhile: Regulators have been targeting banks and other financial firms’ use of messaging apps.

* Moody’s And S&P Each Agreed To Pay $20 Million To Penalty

* Fitch Ratings Agreed To Pay An $8 Million Penalty

* A.M. Best Rating Services Agreed To Pay $1 Million Penalty

* HR Ratings De México Agreed To A $250,000 Penalty

* Demotech Agreed To A $250,000 Penalty

Each firm agreed to pay fines according to an SEC statement released Tuesday.