The publication of the Alternative Reference Rates Committee’s (ARRC) variable rate private student loans (VRPSL) consultation marks a significant step in the progress of LIBOR transition for the consumer loan market. As we have seen with other cash products, the ARRC’s fallback consultation intends to bring together lenders, borrowers, investors and other stakeholders to ensure perspectives of all those impacted are taken into consideration in the final recommendations. Market participants taking a proactive role in the consultative process have the opportunity to influence market solutioning industry-wide.
In responding to the consultation, market participants should consider the following:
Responses are due back to the ARRC by May 29, 2020.
Please connect with us if you have questions or need additional clarification.
Global Financial Services Leader, PwC US
US Deals, Strategy & Operations Leader for Tax Reporting & Strategy, PwC US
Asset & Wealth Management, Partner, PwC US
Partner, PwC US
Financial Services, Principal, PwC US
Financial Services, Partner, PwC US