Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
CFPB remittance rule final; includes ‘tailored’ exceptions on cost disclosures, ups safe harbor to 500 transfers
A final rule that permanently provides “tailored” exceptions to remittance rule requirements for banks’ and credit unions’ disclosures of exchange rates and covered third-party fees, and raises the safe harbor under the rule from 100 […]