CFPB Agrees To Temporarily Delay Remittance Rule

By  |  January 23, 2013
 | 

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

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    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.


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