Bankers looking at what happens when LIBOR disappears
Written by Kylea Henseler on April 13, 2021
With the state legislature in session, a number of bills on the table could affect bankers in Florida. Anthony DiMarco, executive vice president of government affairs for the Florida Bankers Association, told Miami Today that his organization has its eye on a handful of potential legislation.
Two potential policies it supports, he said, are bills that clarify what will happen to interest rates when the London Interbank Offered Rate disappears and shield certain information about proprietors looking to open banks until their applications have been approved. The organization is opposed, he said, to a bill concerning the Property Assessed Clean Lending loans programs, and monitoring a few others that address issues like consumer privacy, property insurance and elder protection.
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