Bob Menendez Jr.: “And how can Congress and regulators ensure that lenders choose a…”

On the recordJuly 26, 2021

And how can Congress and regulators ensure that lenders choose a replacement reference rate that is fairest to the borrowers?

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Democratic · New Jersey

Source

Menendez questions the fairness of new interest rates for borrowers transitioning from LIBOR.

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I wholeheartedly disagree with that. Chairman McCaul said you have made this country much more dangerous. I disagree with that.

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Bob Menendez Jr.: “And how can Congress and regulators ensure that lenders choose a replacement reference rate that is fairest to the…”