Expansion of Private Credit Draws Attention of Bank Regulators 

American Banker writes the growth of private credit has drawn the attention of the Financial Stability Oversight Council and the Federal Reserve. According to Congressional Research Service, total private credit lending outstanding is about $2 trillion in 2024 and is predicted to reach $3 trillion by 2028. The article also suggests that private credit would likely be on the regulatory agenda if President Joe Biden were to be re-elected.

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