The Regulation Clock is Ticking ― Sign Up for Expert Advice

What's Next In Payments®
7:45 PM EDT June 17th, 2012

Banks and other businesses that help consumers send money overseas have about eight months to go before they’ll have to comply with the CFPB’s new regulations on international remittances.  And anyone who lives in the money transfer chain will face repercussions as U.S. players shift to the new regs.  The CFPB published its final remittance rule on February 7, 2012, a rule that amends Regulation E, and will go into effect on February 7, 2013.  Senders under the new rules must get specific transaction disclosures and error resolution dispute rights as well as the right to cancel transactions.  The new rules aren’t the result of the CFPB just acting on its own—they are mandated by Section 1073 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

With the clock ticking now is the time to plan on complying with the rules and figuring out the impact on your business.  To learn more, sign on to’s “Dodd-Frank 1073” webinar on the CFPB’s remittance rules. MPD Founder and CFPB expert David Evans will be moderating a discussion of four of the country’s leading experts on the topic.  For more details and to sign up click here

Also by This Author
What's Hot
Loyalty & Rewards
Payment History Firm Pulls In $70 Million Investments
Bitcoin Platforms Being Reclassified As Money Transmitters
Apple Pay Tracker
Wireless Carriers Could Be Left Out Of NFC Payments
Apple Pay Tracker
What CurrentC Didn’t Say
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
WEX Comes Off Q3 With Strong Results
Transforming Payments from Cost Centers to Revenue Drivers
B2B Payments
U.S. Bank Tries To Streamline B2B Electronic Payments
CA Technologies
Online Transacting Is Safer Than A Card Present World
View All Articles ››