Private credit boom implications for US financial policy and nonbank lending
By A. D. Bamburg | Oct 10, 2024
In a report dated September 24, McKinsey & Company indicates that private credit has grown to nearly $2 trillion. This expansion raises significant implications for U.S. financial policy as non-bank lending increasingly dominates the market, shifting assets away from traditional banks.
APCIA’s Passmore: ‘Money fueling the mass tort litigation machine has exploded’
By A. D. Bamburg | Aug 20, 2024
American Property Casualty Insurance Association Vice President of Auto and Claims Policy Bob Passmore told Federal Newswire on Aug. 9 that a growing volume of litigation and "unchecked legal system abuse" such as third-party litigation funding (TPLF) and large advertising campaigns are causing car insurance to get more expensive for policyholders.
