The U.S. private lending industry is facing increasing pressure, prompting the Treasury Department to initiate data collection to mitigate risks.

Multiple sources familiar with the matter revealed that the U.S. Treasury Department has quietly begun requesting private lending companies to submit detailed information about their business models and connections to the regulated financial system. The private lending industry has faced increasing pressure in recent weeks, causing investor unease and exacerbating concerns about systemic risks across the financial sector. The economic turmoil triggered by the Iran war is a recent driving factor, but private lending has also been severely impacted by its exposure to the software industry and internal turmoil last fall. The Treasury Department's data request marks a new phase in the Trump administration's efforts to understand and mitigate the potential damage from private lending volatility. A Treasury spokesperson stated that the department "regularly consults with market participants and financial regulators on private lending issues." It is understood that Treasury personnel have been holding one-on-one meetings with private lending leaders for months. According to two sources familiar with the process, the Treasury's Office of Capital Markets is now leading the information gathering effort and requesting written responses. (Jinshi)