Recent commercial finance data shows the S&P 500 Financials sector gaining 1.3% this week, driven by strong Q1 lending growth from major banks. Analysts project continued momentum as corporate borrowing demand rises amid stabilized interest rates. Despite the rollback of the disparate impact theory under the FDIC’s Consumer Compliance Examination Manual, disparate impact remains a recognized legal theory under the FHA and under many state laws. Thus, lenders should remain vigilant in monitoring their practices for potential disparate impact, as state and private actions are likely to continue. For a full discussion of this change, please refer to our colleagues’ legal update here . As the U.S. Treasury market continues to grow rapidly, both public and private sectors continue to consider solutions to promote a safe and liquid environment. BNY explores how appropriate leverage ratio reform, paired with prudent risk management and other solutions, could promote increased liquidity and lay the foundation for a more resilient Treasury market. The commercial finance segment continues to outperform broader indices, with MSCI Financials gaining 2.1% over five trading sessions. Loan origination data suggests ongoing corporate investment, especially in logistics and manufacturing sectors.