CFPB Agrees To Temporarily Delay Remittance Rule

What's Next In Payments®
4:03 PM EST January 23rd, 2013

The Consumer Financial Protection Bureau has agreed to temporarily delay the implementation of its international remittance transfer rule. 

Instead of taking effect on February 7, 2013, the CFPB will announce a new effective date later this year, they stated in a blog post. The announcement comes just a few days after the ABA and other trade groups urged the CFPB to enact a temporarily delay.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
Mobile Commerce
Can Facebook Monetize the Selfie?
Security & Risk
Congress to Hold Data Breach Legislative Hearing – First of its Kind
What's Hot
SkyMall Files for Bankruptcy
Mobile Commerce
Bill Gates: Bitcoin Won’t Solve Global Challenges
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Mobile Commerce
Can Facebook Monetize the Selfie?
What's Hot
SkyMall Files for Bankruptcy
Security & Risk
Congress to Hold Data Breach Legislative Hearing – First of its Kind
Karen Webster
What Payments Innovators Can Learn From Bill Belichick
View All Articles ››