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Rulemaking Process Consumer Financial Protection Bureau (CFPB) Remittance Transfer Rule

Sheppard Mullin Richter & Hampton LLP

CFPB Seeks Comment on Proposed Rules to Scale Back Larger Participant Thresholds

Four advance notices of proposed rulemaking scheduled for publication on August 8 will solicit public comment on whether the CFPB should raise the size thresholds that determine which nonbank entities qualify as “larger...more

ArentFox Schiff

Payments From America, With Love: Industry and CFPB Approach to Amending the Remittance Rule

ArentFox Schiff on

According to the World Bank and the Bureau, of the $613.5 billion worldwide dollar amount of remittance transfers in 2017, $148.5 billion was sent from the US in over 325 million remittance transfers, and $6.6 billion was...more

Ballard Spahr LLP

CFPB proposes amendments to remittance rule

Ballard Spahr LLP on

The CFPB has proposed several amendments to its remittance rule.  Comments on the proposal must be filed no later than January 21, 2020. The proposed amendments are...more

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