Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
§ 253.6 - Preemption.

Pursuant to section 107 of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5806,this,statute,rule,regulation,or; or

(b) Expressly limiting the manner of calculating interest, including the compounding of interest, as that provision applies to the selection or use of a Board-selected benchmark replacement or benchmark replacement conforming changes.

authority: 12 U.S.C. 5801
source: 88 FR 5220, Jan. 26, 2023, unless otherwise noted.
cite as: 12 CFR 253.6