LIBOR Transition Final Rule

On December 7, 2021, the Consumer Financial Protection Bureau (Bureau) issued the 2021 LIBOR Transition Final Rule amending certain provisions in Regulation Z, which implements the Truth in Lending Act (TILA), to address the sunset of LIBOR. Closed-End Credit The LIBOR Transition Final Rule adds an example to the commentary of an index that would be comparable to LIBOR for … Read More

November’s Regulatory Recap

November’s Regulatory Recap for is now available.  It contains regulatory updates, such as the annual Regulation Z threshold adjustments, new guidance released, including the Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the Continuing COVID-19 Pandemic and CARES Act, and other actions taken by the banking supervisors. Our auditing schedule is filling up … Read More