What's New? Remittance Rules - Exception Extended
Wednesday, September 3, 2014 at 5:35PM
Banking Spectrum in Compliance, What's New

The Consumer Financial Protection Bureau extended a temporary exception in its remittance rule that allows sending institutions to estimate fees charged by the receiving institution. The original provision would have expired in July 2015, but the exception will now last until June 21, 2020, to facilitate industry compliance. Read more in The Gold Book.

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).
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