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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 CFPB issued its original LIBOR final rule in December 2021.  Since then, the Adjustable Interest Rate (LIBOR) Act (the LIBOR Act) was enacted and the Board of Governors of the Federal Reserve (Board) issued a final rule implementing the Act.  This interim final rule reflects the enactment of the LIBOR Act and Board’s regulation and further addresses the expected discontinuance of LIBOR.  The interim final rule conforms the terminology in relevant Regulation Z open-end and closed-end credit provisions to the LIBOR Act and addresses treatment of the 12-month USD LIBOR index and its replacement index in various comments, including permitting creditors to use alternative language in change-in-terms notice content requirements for situations where the 12-month tenor of the LIBOR index is being replaced consistent with the LIBOR Act.