Tuesday, August 16, 2022
3:00 pm – 4:30 pm Eastern
Why is LIBOR being phased out? What should replace it? Do you need a transition plan? Which loans are affected? Join this timely session to learn the answers to these questions and more!
The London Interbank Offered Rate (LIBOR) index is tied to several credit products, including credit cards, home equity lines of credit, and adjustable-rate mortgage loans. Due to irregularities in the behavior of the index over the past several years, the one-month, three-month, six-month, and one-year LIBOR indices will cease publication in June 2023.
Last year, the CFPB issued a final rule to help financial institutions facilitate the transition away from the LIBOR index. This webinar will explain components of that rulemaking, including factors to consider when identifying a replacement index and transition requirements for credit cards, HELOCs, and adjustable-rate mortgage loans.
This informative session is designed for lending department leadership, loan officers, loan support staff, compliance professionals, and audit personnel.
Michael Christians, JD, Michael Christians Consulting, LLC
As principal of Michael Christians Consulting, LLC, Michael assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations. He provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes and offers customized education and training services.
Michael has more than two decades of experience in the financial services industry with a primary focus on consumer compliance. He obtained his Juris Doctorate from Drake University Law School. He is a member of the Iowa State Bar where he is licensed to practice law.
Attendance verification for CE credits provided upon request.
If you are having issues with registering online, please contact CBAO's Education, Training & Special Events Coordinator, Malia Widder, (614) 610-1877.