Troutman Pepper Weekly Consumer Financial Services Newsletter
Troutman Sanders
MAY 2, 2023
The bill additionally leaves room for assets that don’t fit neatly into either category. On April 28, the CFPB issued an interim final rule, amending the agency’s 2021 LIBOR transition rule. While prompted by activity in the mortgage space, the CFPB noted that the prohibition applies to all time-barred debt.
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