Sector Regulation Sector Regulation

US consumer watchdog should adopt pending Libor-related guidance for lenders ASAP, consumer advocate says

By Neil Roland
  • 02 Nov 2021 16:02
  • 02 Nov 2021 16:34
The US consumer watchdog should finalize pending Libor-transition guidance for lenders “as soon as possible” to ensure home-equity loan and credit-card borrowers aren’t tethered to higher rates when the tarnished benchmark expires, a consumer advocate said.

Andrew Pizor, an attorney with the National Consumer Law Center, cited the need for advance notice to

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