Bloomberg reported that the warnings from the Fed and Comptroller of the Currency late last year are sinking in with regard to curtailing risky corporate loan activity that was inflating another credit bubble, or potentially face fines or suspensions.

Bloomberg notes, according to S&P’s Capital IQ, that debt levels for companies funding takeovers in the leveraged-loan market fell in the fourth quarter for only the second time since 2012.

Banks are passing on risky debt deals again this year, most recently a $445 million loan for an acquisition by KKR’s Alliant Insurance Services, Bloomberg said according to two people with knowledge of the deal.

To read the entire Bloomberg article, click here.