The CFPB has proposed several amendments to its remittance rule. Comments on the proposal must be filed no later than January 21, 2020. The proposed amendments are...more
12/9/2019
/ Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Cross-Border Transactions ,
Financial Institutions ,
Financial Regulatory Reform ,
Proposed Amendments ,
Regulatory Agenda ,
Remittance Transfer Rule ,
Rulemaking Process ,
Safe Harbors ,
Threshold Requirements
Earlier this week, the CFPB announced a consent order with Maxitransfers Corporation, a remittance transfer provider that allows consumers to electronically transfer funds to people or companies in foreign countries. As the...more