The Bureau of Consumer Financial Protection released the findings of its assessment of the Remittance Rule, which provides protections to international money transfers. The report describes the Rule, the market, and the Bureau’s findings on the Rule’s effectiveness in meeting factors outlined in the Dodd-Frank Act.
Person-to-person payment services are gaining popularity. Before using them, minimize potential risks by reading these tips.
We have released a plan to assess the effectiveness of the remittance rule and are asking the public for comments and information that would help the assessment.