CFPB Alters Remittance Rules

The Consumer Financial Protection Bureau (CFPB) released an update of its small business guide for electronic money transfers rule in an August 8 blog post. It said the revised version reflects upcoming changes to remittance regulations that will take effect October 28.

The CFPB also announced that it would make a technical correction to a past amendment on the regulation that was put into effect this May.

For a link to the CFPB’s small business guide or corresponding video, click here.

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