Transitioning Away from LIBOR: Preparation & Practicalities

Audit & Accounting Compliance Lending Operations Senior Management

On-Demand Webinar

StreamedAug 16, 2022Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Why is LIBOR being phased out? What should replace it?

Do you need a transition plan? Which loans are affected? Join this timely session to learn the answers to these questions and more!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand why the LIBOR index is being phased out
Properly identify a replacement index for your institution’s LIBOR-based credit products
Establish a transition plan for your LIBOR-based credit card products
Appropriately update your home equity line of credit application disclosures
Prepare the subsequent disclosures required in connection with adjustable-rate mortgage loans

WEBINAR DETAILS

The London Interbank Offered Rate (LIBOR) index is tied to several credit products, including credit cards, home equity lines of credit, and adjustable-rate mortgage loans. Due to irregularities in the behavior of the index over the past several years, the one-month, three-month, six-month, and one-year LIBOR indices will cease publication in June 2023.

Last year, the CFPB issued a final rule to help financial institutions facilitate the transition away from the LIBOR index. This webinar will explain components of that rulemaking, including factors to consider when identifying a replacement index and transition requirements for credit cards, HELOCs, and adjustable-rate mortgage loans.

WHO SHOULD ATTEND?

This informative session is designed for lending department leadership, loan officers, loan support staff, compliance professionals, and audit personnel.

TAKE-AWAY TOOLKIT

The Transition Away from the LIBOR Index – a white paper that provides a high-level summary of steps financial institutions must take now to prepare for the transition
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presented By

Michael Christians