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Senator Warren Has a New Target on Wall Street: Private Credit

Senator Warren Has a New Target on Wall Street: Private Credit

Sen. Elizabeth Warren is calling for more scrutiny of the booming private-credit market, and she's homing in on the agencies that rate the industry's products.
The Democrat from Massachusetts sent letters Thursday to agencies including S&P Global Ratings SPGI 0.63%increase; green up pointing triangle, Moody's MCO 0.78%increase; green up pointing triangle Ratings and Fitch Ratings, asking for information about how they score the riskiness of private-credit products.
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Senate Banking advances first large, bipartisan housing package in a decade

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