The Reg E Remittance Transfer Rules institute several new requirements for remittance transfers when consumers transfer money internationally. The requirements, as interpreted by the Consumer Financial Protection Bureau, generally require banks to disclose the exchange rate and all fees associated with a transfer. The rule also requires remittance transfer providers to investigate disputes and remedy errors.
ICBA Video Illustrates Remittance Transfers Rule Compliance Challenges (Pt 2) |
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| News & Politics | Upload TimePublished on 5 Sep 2012 |
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