Clinton Foundation Takes Steps to Be Rated by Charity Watchdog

The Clinton Foundation's critics may soon have less ammunition to suggest the organization lacks transparency.

The charity has taken initial steps toward regaining a rating by Charity Navigator, a major charity watchdog that assesses more than 8,000 organizations on a scale of zero to four stars.

The Clinton Foundation, headed by former President Bill Clinton, indicated on May 10 that it is interested in receiving a rating and is looking into whether it can provide the needed financial information, CNNMoney has learned.