Is private credit a $2 trillion-dollar insurance timebomb?

Processing Content Key Insight: Life insurers have shifted nearly $2 trillion in liabilities to offshore and captive reinsurers, with states instituting new guidelines to ensure adequate oversight. What’s at stake: State officials have adopted new rules to test private credit investments and whether insurers have capital to back policyholder claims. Forward look: The National Association […]

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Russell Vought

Appeals court sides with CFPB’s union, blocks job cuts

Russell Vought, acting director of the CFPB, on Capitol Hill in April.Bloomberg News Processing Content Key insight: The legal power struggle between the Trump administration and the National Treasury Employees Union has evolved into a major separation-of-powers showdown. What’s at stake: At issue is whether the president has the authority to dismantle an agency created

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