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WILMINGTON, DE — Navient (Nasdaq: NAVI) announced that it plans to transition outstanding U.S. Dollar (USD) LIBOR-indexed Navient-issued instruments to Secured Overnight Financing Rate (SOFR) after June 30, 2023. USD …
Navient Completes Plans for Orderly LIBOR Transition Read More
The Consumer Financial Protection Bureau (CFPB) issued an interim final rule amending the agency’s 2021 LIBOR transition rule. The interim final rule contains updates to reflect the subsequent enactment of …
CFPB Issues Rule to Facilitate Orderly Wind Down of LIBOR Read More
The Consumer Financial Protection Bureau (CFPB) recently joined four other federal financial regulatory agencies, along with state bank and state credit union regulators, in issuing a statement that the use …
CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Completing the LIBOR Transition Read More