Remittance Transfer Rule

CFPB Issues Revised Remittance Transfer Rule

by BuckleySandler LLP on 5/13/2013

On April 30, the CFPB issued a revised final rule to amend regulations applicable to consumer remittance transfers of over fifteen dollars originating in the United States and sent internationally. ...more

CFPB Finalizes Revisions to Remittances Rule, Sets October 28 Effective Date

by Alan S. Kaplinsky, Jeremy T. Rosenblum, Mercedes Kelley Tunstall | Ballard Spahr LLP on 5/8/2013

The Consumer Financial Protection Bureau has finalized revisions to its remittance transfers rule and set October 28, 2013, as the rule’s new effective date. While not entirely eliminating the requirement for remittance...more

CFPB finalizes revisions to remittances rule and sets October 28 effective date

by Mercedes Kelley Tunstall | Ballard Spahr LLP on 5/8/2013

Despite the urging of many industry commenters that it eliminate altogether the requirement for remittance transfer providers to disclose recipient institution fees, the CFPB chose not to go that far in the revisions to its...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 3, 2013

by BuckleySandler LLP on 5/6/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - CREDIT CARDS - E-COMMERCE - PRIVACY/DATA SECURITY -...more

CFPB Modifies Foreign Remittance Rules And Sets New Effective Date

by Joseph D. Simon | Cullen and Dykman LLP on 5/6/2013

The Consumer Financial Protection Bureau (“CFPB”) has revised its previously issued rules on foreign remittance transfers to ease some of the disclosure concerns raised by financial institutions. The revised rules, which are...more

CFPB Delays Remittance Rule

by Jeffrey M. Werthan | Katten Muchin Rosenman LLP on 2/7/2013

The Consumer Financial Protection Bureau (Bureau) announced on January 22 that it is issuing a final rule to delay the February 7, 2013, effective date of final rules published by the Bureau on February 7, 2012, and August...more

Corporate and Financial Weekly Digest - February 1, 2013

by Katten Muchin Rosenman LLP on 2/4/2013

In this issue: - SEC Extends Expiration Date for Interim Final Rules Providing Exemptions for Security-Based Swaps - NFA Sets Implementation Deadline for Phase 1 of Customer Segregated Funds Reporting - CFTC to...more

CFPB Delays Remittance Rule Effective Date

by BuckleySandler LLP on 2/1/2013

On January 22, the CFPB announced that the effective date for its international remittance transfer rule, originally set for February 7, 2013, is delayed, and that a new effective date will be announced later this year. ...more

CFPB delays remittance transfer rule effective date

by Barbara S. Mishkin | Ballard Spahr LLP on 1/24/2013

The CFPB has issued a final rule delaying the effective date of the remittance transfer rule pending finalization of its December 2012 proposal to make changes in three areas....more

CFPB Proposes Revisions to Rules on International Money Transfers by Consumers

by Thomas I. Elkind | Foley & Lardner LLP on 1/18/2013

The Consumer Financial Protection Bureau (CFPB) recently issued proposed changes to the rule it originally proposed on January 20, 2011, governing certain electronic money transfers by consumers that was required by the...more

CFPB Proposed Amendment to Rule on Remittance Transfers

by Orrick - Structured Finance Group on 1/10/2013

On December 21, 2012, the CFPB issue a proposed amendment to subpart B of Regulation E under the Electronic Fund Transfer Act regarding remittance transfers....more

CFPB Proposes Revisions to Remittance Rule

by Jeffrey M. Werthan | Katten Muchin Rosenman LLP on 1/10/2013

The Consumer Financial Protection Bureau (CFPB or Bureau) on December 21 issued proposed revisions to a rule that creates certain protections for consumers who transfer money internationally. The proposed revisions, according...more

CFPB Proposes Revised Remittance Transfer Rule

by BuckleySandler LLP on 1/8/2013

On December 21, the CFPB proposed revisions to the remittance transfer rule it finalized earlier this year and already once modified. The proposed revisions follow a November 2012 bulletin from the CFPB in which it stated its...more

Bureau Proposes Further Revisions to Remittance Transfer Rules

by Andrew Owens | Davis Wright Tremaine LLP on 1/4/2013

On December 31, 2012, the Consumer Financial Protection Bureau (“Bureau”) published in the Federal Register revisions (“Proposal”) to rules on international remittance transfers that the agency published in February 2012 and...more

CFPB Bulletin on Proposed Changes to Remittance Rule

by Orrick - Structured Finance Group on 12/6/2012

On November 27, the CFPB issued a bulletin explaining the CFPB’s intent to propose limited adjustments to its rule on international money transfers as well as an extension of the date the rule will become effective until the...more

CFPB Announces Remittance Transfer Rule Delay and Changes

by BuckleySandler LLP on 12/4/2012

On November 27, the CFPB issued a bulletin announcing that it intends to delay the effective date of the new remittance transfer rule finalized earlier this year and already once modified....more

CFPB to Propose Changes to Foreign Remittance Transfers

by Leonard, Street and Deinard - Dodd-Frank and... on 11/28/2012

The Consumer Financial Protection Bureau, or CFPB, expects to issue a proposal next month to refine three elements of its rule regarding foreign remittance transfers. ...more

CFPB to delay remittance rule effective date and propose changes

by Jeremy T. Rosenblum | Ballard Spahr LLP on 11/28/2012

In a bulletin issued today, the CFPB announced that, in December, it expects to issue a proposal to make changes to the remittance transfer rule and extend the rule’s effective date until 90 days after the proposal is...more

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