Financial Services Financial Services

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

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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