CFPB – PROGRESS in Lending

CFPB Issues LIBOR Transition Rule

February 8, 2022 PROGRESS In Lending CFPB, LIBOR Transition Rule

The Consumer Finance Protection Bureau issued the LIBOR Transition Rule, which amends Regulation Z to facilitate the LIBOR transition. The LIBOR Transition Rule is generally effective April 1, 2022, although compliance with some provisions is not required until later dates.