Delay of Remittance Transfer Rule

The CFPB has announced a temporary delay for the effective date of the Remittance Transfer Rule, initially scheduled for February 7th.  The Bureau has indicated we can expect to learn of a revised effective date later this year.

Stay tuned as we learn more.  You can also read more about the rule and associated amendments and proposals at the CFPB’s Remittance Web Page.

Diane Dean

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