CFPB’s Final Rule On LIBOR Transition: How To Prepare For April 1, 2022

On-Demand
$189.00
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Regulatory compliance counsel Michael Christians will share concrete steps you can follow to replace the LIBOR index in your institution. You will learn how to select an alternative, implement changes, and communicate with your borrowers about the transition.

What You'll Learn

  • Why is the LIBOR index being replaced?
  • What replacement index should you use?
  • What are the transition requirements for your products?

Training Overview

Are you ready to replace LIBOR on April 1? Learn how to replace this disappearing index.

The LIBOR index will cease publication in June 2023. Under recent rulemaking from the Consumer Financial Protection Bureau, financial institutions can begin transitioning to a replacement index on April 1, 2022.

Many financial institutions have adjustable-rate mortgage loans, home equity lines of credit, and credit cards tied to the LIBOR index. You need to prepare for this transition now.

  • Why is the LIBOR index being replaced?
  • What replacement index should you use?
  • What are the transition requirements for your products?
    • Credit cards
    • Home equity lines of credit
    • Adjustable-rate mortgage loans

Who Should Attend?

  • Chief credit officers
  • Credit analysts
  • Loan officers
  • Credit risk officers
  • Loan originators
  • Loan processors
  • Compliance professionals
  • Internal auditors
  • Communications directors
  • Senior management
  • Credit card department leaders
  • Home mortgage department leaders
  • In-house counsel
  • Board members

Expert Presenter

Michael R. Christians

  • Principal of Michael Christians Consulting, LLC
  • Assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations
  • Provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes, and offers customized education and training services
  • More than two decades of experience in the financial services industry
  • JD from Drake University Law School
  • Member of the Iowa State Bar

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