CFPB Proposes Remittance Rule Revisions

By  |  December 26, 2012
 | 

The Consumer Financial Protection Bureau (CFPB) is proposing a revision to its remittance rules that would require transfer providers to disclose certain taxes and fees, according to ConsumerAffairs.

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    “We are dedicated to bringing new protections to consumers who want to send money internationally,” said CFPB Director Richard Cordray. “ [The proposals] will ensure consumers have continued access to remittance transfer services while making compliance easier for remittance transfer providers.”

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