Revisions Would Help Facilitate Compliance With New Consumer Protections
WASHINGTON, D.C.—(ENEWSPF)—April 15, 2014. The Consumer Financial Protection Bureau (CFPB) today proposed revisions to its international money transfer rule. The revisions are intended to preserve the rule’s new consumer protections while providing federally insured institutions, such as banks and credit unions, with additional time to provide exact disclosures in certain cases.
“It is critical that we are able to protect consumers who send money abroad and…
