Legislative and Regulatory Advocacy

The problem

Private credit sits largely outside the disclosure and examination frameworks that apply to regulated depository institutions, even as it takes on lending activity of systemic scale. Supervisors have identified limited transparency and growing interconnection with banks, insurers, and private equity as vulnerabilities requiring attention.

Source: Financial Stability Board, Report on Vulnerabilities in Private Credit, May 2026.

What CPCA does

CPCA advances legislative and regulatory reforms designed to bring greater accountability to the private credit market. Its advocacy is grounded in documented borrower experience and cited public research, and is directed at practices and structures rather than at named institutions.

Testimony

Placeholder section. Legislative and agency testimony will be posted here as it is delivered, with full text and date.

Comment letters

Placeholder section. Comment letters submitted in response to rulemakings and requests for information will be archived here with docket references.

Policy agenda

Placeholder section. CPCA's policy agenda will set out priorities across disclosure standards, servicing and modification practices, guarantee and enforcement transparency, and fiduciary reporting for institutional allocators.

The outcomes we seek

• Meaningful disclosure obligations for non-bank lenders at scale.
• Clear standards governing modification, default, and enforcement conduct.
• Reporting that allows pension funds and allocators to evaluate manager conduct, not only returns.