CFPB Agrees To Temporarily Delay Remittance Rule

What's Next In Payments®
4:03 PM EDT 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
B2B Payments
Reverse Lockbox for Banks
B2B Payments
Zapstich Raises Cloud Funding
B2B Payments
AP Software Interacts With Any ERP and Accounting System
Company Spotlight
Low Savings and Cash Flow Threaten US Microbusinesses, Study Says
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
B2B Payments
Reverse Lockbox for Banks
B2B Payments
Zapstich Raises Cloud Funding
B2B Payments
AP Software Interacts With Any ERP and Accounting System
B2B Payments
eNegoiations Now Available
View All Articles ››