<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=4052188&amp;fmt=gif">

The Consumer Financial Protection Bureau (CFPB) has announced that it is temporarily delaying its changes to its international remittance transfer rule. The amendments, which were proposed on December 31, were planned to go into effect on February 7 of this year. The CFPB has said that it will announce a new effective date later this year.

The changes made by the proposal are meant to protect consumers while helping remittance transfer providers with compliance. You can submit comments on the proposal on or before January 30.

Click here to read more.

You may also like

CFPB addresses electronic periodic statements in Regulation Z changes
30 January, 2013

The mortgage crisis showed lawmakers that consumers don’t always get clear and up-to-date information about the status o...

Government issues rule to stop irresponsible lending
11 January, 2013

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a new rule to protect consumers from irresponsible mor...

The Credit Union Guide to Recent Regulation Z Changes
The Credit Union Guide to Recent Regulation Z Changes
29 January, 2013

January has been a big month for the Consumer Financial Protection Bureau (CFPB). The bureau published final rules on Re...