World Bank, IMF Propose to Combat Money Laundering Across ‘Remittance Corridors’
As international regulators work to enhance cross-border payments, the World Bank and the International Monetary Fund today proposed a framework ...
Tag: Remittances
CFPB Flags Mortgage Servicing, Fair Lending Issue in Supervisory Highlights Report
The CFPB today issued a “Supervisory Highlights” report focusing on examiner observations of several financial products conducted between January and ...
OCC Issues Supplemental Exam Procedures on Remittance Transfers
The OCC this week issued supplemental exam procedures on remittance transfers.
When Can My Bank Cease Compliance with the Remittance Transfer Rule?
. . . and other questions from the ABA Regulatory Policy and Compliance Inbox for November/December 2020.
Fed, FinCEN Propose to Lower Reporting Threshold for Funds Transfers
The Federal Reserve and the Financial Crimes Enforcement Network today proposed to reduce the transaction volume threshold for when banks ...
CFPB Finalizes ABA-Advocated Changes to Remittance Rule
The Consumer Financial Protection Bureau today finalized several American Bankers Association-advocated changes to the remittance rule, including one that will ...
CFPB Provides Remittance Rule Relief Through 2020
As part of its policy response to the coronavirus pandemic, the Consumer Financial Protection Bureau today said it would provide ...
ABA Supports Proposed Changes to Remittance Rule
In a joint comment letter with the Clearing House and the Consumer Bankers Association yesterday, the American Bankers Association and ...
CFPB Issues Proposal to Extend Critical Remittance Rule Exception
The Consumer Financial Protection Bureau today proposed an American Bankers Association-advocated change to its remittance rule that would permanently allow ...
CFPB Updates Rulemaking Agenda
The Consumer Financial Protection Bureau today announced updates to its rulemaking agenda for 2019. Significantly, the bureau said that it ...
