Compliance Bulletin

CFPB Issues Clarifications of Remittance Transfer Rule
September 2, 2014

The CFPB adopted revisions to Regulation E, subpart B, which governs disclosure and other requirements associated with consumer-initiated foreign remittance transfers. Please see Ted Kitada’s analysis of the revisions in the Regulatory Compliance Bulletin  for more information. Ted is senior counsel with Wells Fargo Bank and chairman of CBA’s Legal Affairs Committee.