MBA, Trade Groups Urge Senate Support of ‘Tough Legacy’ LIBOR Bill

The Mortgage Bankers Association and more than a dozen industry trade groups on Monday urged Senate leadership to support legislation that would address “tough legacy” contracts that currently reference the soon-to-expire London InterBank Offered Rate.

MBA, Trade Groups Urge Senate Support of ‘Tough Legacy’ LIBOR Bill

The Mortgage Bankers Association and more than a dozen industry trade groups on Monday urged Senate leadership to support legislation that would address “tough legacy” contracts that currently reference the soon-to-expire London InterBank Offered Rate.

MBA, Trade Groups Urge Senate Support of ‘Tough Legacy’ LIBOR Bill

The Mortgage Bankers Association and more than a dozen industry trade groups on Monday urged Senate leadership to support legislation that would address “tough legacy” contracts that currently reference the soon-to-expire London InterBank Offered Rate.