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Millions of consumers have adjustable-rate mortgages, credit cards, student loans, reverse mortgages, home equity lines of credit (HELOCs), or other consumer products that are tied to the LIBOR index; the UK Financial Conduct Authority has stated that it cannot guarantee the publishing of LIBOR beyond June 2023. The Bureau’s LIBOR final rule provides examples of replacement indices that meet Regulation Z standards. For creditors for HELOCs (including reverse mortgages) and card issuers for credit card accounts, the rule facilitates the transition of existing accounts to an alternative index, beginning around April 1, 2022, well in advance of LIBOR’s anticipated expiration in June 2023. The rule also addresses change-in-terms notice provisions for HELOCs and credit card accounts and how they apply to the transition away from LIBOR, to ensure that consumers are informed of the replacement index and any adjusted margin. The rule also addresses how the rate re-evaluation provisions applicable to credit card accounts apply following the transition from LIBOR to a replacement index. The Bureau finalized the rule in December 2021.  In February 2022, the Bureau issued a notice correcting two clerical errors in the Supplementary Information in the LIBOR final rule.