6.4.20
The Structured Finance Association (SFA) today applauded steps taken by the Consumer Financial Protection Bureau (CFPB) to facilitate the transition away from the London Inter-Bank Offered Rate (LIBOR), the benchmark index currently used to determine the interest rate that consumers pay on some credit cards, home equity lines of credit, reverse mortgages, and private student loans, which is expected to be discontinued after 2021. Learn more.