International Money Transfers news and trends

CFPB Warns Remittance Transfer Providers About Making False Claims
CFPB // March 27, 2024

The Consumer Financial Protection Bureau (CFPB) has issued a circular warning remittance transfer providers about making false claims regarding the cost and speed of international money transfers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Circle and Coins.ph Partner to Promote USDC Use in Philippines
Cryptocurrency // October 11, 2023

Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
CFPB // October 11, 2023

Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the Consumer Financial Protection Bureau (CFPB).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB Proposal On Remittances Offers Exemptions For Banks, CUs
CFPB // December 03, 2019

In the years ahead, might there be a greater number of smaller financial institutions (FIs) offering remittance services? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Quick Reads
TerraPay and Tenpay Global Address Challenges of Sending Money to China

October 23, 2024
TerraPay, a facilitator of cross-border money movement, has announced a strategic partnership with Tenpay Global, Tencent’s cross-border payment platform, to enable international transfers directly to Weixin Pay users in China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. […]

CFPB Warns Remittance Transfer Providers About Making False Claims

March 27, 2024
The Consumer Financial Protection Bureau (CFPB) has issued a circular warning remittance transfer providers about making false claims regarding the cost and speed of international money transfers. Get the Full...

Circle and Coins.ph Partner to Promote USDC Use in Philippines

October 11, 2023
Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. Get the Full Story Complete the form...

CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds

October 11, 2023
Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the Consumer Financial Protection Bureau (CFPB). ...