The Structured Finance Association (SFA) today applauded the House Financial Services Committee adopting and favorably reporting the Adjustable Interest Rate (LIBOR) Act of 2021 (H.R. 4616) to the full House of Representatives by voice vote. The legislation will ease the transition away from the London Inter-Bank Offered Rate (LIBOR), which is the benchmark index currently used, for example, to determine the interest rate that consumers pay on some credit cards, home equity lines of credit, reverse mortgages, and private student loans.
Katten examines the impacts of the U.S. Supreme Court’s June 23, 2021 ruling in Collins v. Yellen that the structure of the Federal Housing Finance Agency (FHFA) is unconstitutional.
In an op-ed for the Financial Times, SFA CEO Michael Bright warns, “Only Congress has the power to ensure an economically neutral outcome without years of court wrangling and confusion. Federal legislation for all Libor-based contracts is the best way to end this saga once and for all.”
Market Beats • Views from Capitol Hill • Sustainability & ESG •LIBOR Transition • Macro-economic Outlooks • Digital Assets •Consumer ABS • RMBS • CMBS • CLOs • CRT • Solar & PACE •Single-Family Rental • FinTech • Regulatory Outlooks
Authentic Allyship in the Workplace
During this episode of Bright Ideas, SFA CEO Michael Bright sits down with Latesha Byrd, CEO, and Founder of Byrd Consulting to discuss allyship, what it means, and how to practice it.
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