Since the Great Financial Crisis of 2008, one of the murkiest corners of the financial market – private credit – has exploded in size as investors chase higher returns. Private credit, also referred to as non-bank direct lending, has become the fastest area of growth in corporate lending.
AFREF joined a letter to the CFPB in response to their inquiry into Buy Now, Pay Later (BNPL) credit products that are proliferating across market areas.
Yesterday, the House passed the Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020 (Comprehensive CREDIT Act), H.R. 3621, in a 221-189 vote.
Support letter for the Protecting Your Credit Score Act of 2019