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 ...
Tag: Remittances
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 ...
GOP Lawmakers Urge CFPB to Extend Critical Remittance Rule Exception
With a key exception of the Consumer Financial Protection Bureau’s remittance rule set to expire in July 2020, a group ...
ABA Offers Feedback on Changes to CFPB Remittance Rule
In response to a recent request for information, the American Bankers Association on Friday filed two comment letters offering feedback ...
CFPB Seeks Feedback on Remittance Rule Changes
The Consumer Financial Protection Bureau has issued a request for information seeking input on potential changes to its remittance rule, ...
ABA, Groups to CFPB: Continue Allowing for Estimates in Remittance Disclosures
ABA, its transaction banking subsidiary BAFT and other industry trade associations today urged the Consumer Financial Protection Bureau to continue ...
ABA, Trade Groups Oppose Remittance Tax to Fund Border Security
Imposing a 5 percent tax on cross-border remittances to fund border barriers -- as envisioned in H.R. 85, the Fund ...
Remittance Rule Led to Additional Compliance Costs, Delayed Transfers
The Consumer Financial Protection Bureau’s rule on remittance transfers has resulted in initial compliance costs for remittance transfer providers of ...
ABA, Trade Groups Urge Fixes to CFPB Remittance Rule
As part of the Consumer Financial Protection Bureau’s ongoing feedback initiative, ABA and its transaction banking subsidiary BAFT, joined by ...
