ICYMI: In Letter to SEC and CFTC, Fetterman Urges Private Credit Market Transparency
WASHINGTON, D.C. — U.S. Senator John Fetterman (D-PA) penned a July letter to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) urging them to begin enforcing an existing rule requiring greater disclosures in private credit markets. “The private credit industry is far too opaque to regulators and the rest of the financial system. Because these firms have never been through a downturn at their current size, markets