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CFPB Delays Effective Date of Remittance Transfer Rule

Nov
27

On November 27, the Consumer Financial Protection Bureau (CFPB) announced that it intends to make changes to the final rule governing international remittance transfers (Regulation E, Subpart B) and delay the effective date, which was originally scheduled for February 7, 2013. This comes after numerous credit unions, state leagues and national associations voiced their concerns over the rule. 

The proposed changes are:

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Posted By Halley Hayden read more
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