On December 7, 2021, the Consumer Financial Protection Bureau (“CFPB”) published its final rule (“Rule”) facilitating the transition away from LIBOR for open-end and closed-end consumer financial products. The Rule amends provisions of Regulation Z, which implements the Truth in Lending Act to allow for the transition from U.S. dollar LIBOR to the Secured Overnight Financing Rate (“SOFR”) and other alternative reference rates. SOFR is deemed compliant as a replacement index whereas other alternative reference rates must pass the “comparability” or ...
About MVA White Collar Defense, Investigations, and Regulatory Advice Blog
As government authorities around the world conduct overlapping investigations and bring parallel proceedings in evolving regulatory environments, companies and individuals face challenging regulatory and criminal enforcement dynamics. We provide in-depth analysis and up-to-date information to help our clients navigate these fast-moving areas.
The latest from MVA White Collar Defense, Investigations, and Regulatory Advice Blog
- 2025 Year‑in‑Review and 2026 Look-Ahead: Financial Regulatory Developments, What Has Changed Since Publication, and What’s to Come
- Increased Criminal and Civil Enforcement by DOJ for Skin Substitutes in Wound Care
- Regulatory Update: Agencies Propose Reducing the Community Bank Leverage Ratio to 8%
- White House Executive Order: State Artificial Intelligence Regulation