Newsroom | Consumer Financial Protection Bureau

Press release

Published AUG 27, 2019

Consumer Financial Protection Bureau Settles with Maxitransfers Corporation

The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Maxitransfers Corporation (Maxi), a company that serves consumers looking to send money overseas.

Press release

Published APR 25, 2019

CFPB Issues Request for Information on Remittance Rule

Today the Consumer Financial Protection Bureau (Bureau) issued a Request for Information (RFI) on its Remittance Rule.

Press release

Published SEP 27, 2016

CFPB Complaint Snapshot Spotlights Money Transfer Complaints

Bureau Marks Over One Million Consumer Complaints Handled.

Press release

Published DEC 22, 2015

CFPB Monthly Complaint Snapshot Examines Money Transfer Complaints

Report Also Includes In-Depth Look at Consumer Complaints from Georgia Today, the Bureau released its latest monthly consumer complaint snapshot...

Press release

Published JUL 09, 2015

CFPB Outlines Guiding Principles for Faster Payment Networks

CFPB Wants to Ensure Consumer Protections Are Built Into New Payment Systems From Outset Today the Bureau outlined guiding principles for protecting...

Press release

Published SEP 12, 2014

CFPB Finalizes Rule to Oversee Larger Nonbank International Money Transfer Providers

Today, the Bureau finalized a rule that allows it to supervise certain nonbank international money transfer providers for the first time. The rule, first...

Press release

Published AUG 22, 2014

CFPB Finalizes Revisions to Rule Protecting Consumers Sending Money Internationally

Revisions Will Help Facilitate Compliance With New Consumer Protections The Bureau today finalized revisions to the remittance rule that it had proposed in...

Press release

Published APR 15, 2014

CFPB Proposes Revision to Rule Protecting Consumers Sending Money Internationally

The Bureau today proposed revisions to its international money transfer rule. The revisions are intended to preserve the rule's new consumer protections...

Press release

Published JAN 23, 2014

CFPB Proposes Rule to Oversee Larger Nonbank International Money Transfer Providers

Today the Bureau proposed a rule that would allow it to supervise certain nonbank international money transfer providers for the first time. The proposed...

Testimony

Published NOV 12, 2013

Written Testimony of Director Cordray Before the Senate Committee on Banking, Housing and Urban Affairs

Chairman Johnson, Ranking Member Crapo, and Members of the Committee, thank you for inviting me to testify today about the fourth Semi-Annual Report of the...

By Richard Cordray

Press release

Published OCT 28, 2013

El CFPB Lanza Campaña Educativa Sobre Nuevas Medidas de Protección para Transferencias Internacionales de Dinero

La campaña se centra en la transparencia y las nuevas medidas de protección La Oficina para la Protección Financiera del Consumidor (CFPB, por sus siglas en...

Press release

Published OCT 28, 2013

CFPB Launches Education Campaign About New International Money Transfer Protections

Multilingual Multimedia Campaign Focuses on Transparency and New Protections The Bureau is launching a nationwide multimedia campaign to inform consumers...

Press release

Published OCT 22, 2013

CFPB Publishes Procedures to Ensure Consumers Making Remittance Transfers are Protected

The Bureau today published the procedures it will use in examining institutions that make remittance transfers for consumers. The Bureau is also releasing...

Press release

Published APR 30, 2013

CFPB Revises Rule Protecting Consumers Sending Money Internationally

The remittance rule creates a comprehensive consumer protection regime for remittance transfers sent by consumers in the United States to individuals and...

Press release

Published DEC 21, 2012

CFPB Proposes Revisions to Rule Protecting Consumers Sending Money Internationally

Today's proposal builds on a final rule on international money transfers that was published by the Bureau on February 7, 2012, and later supplemented on...

Press release

Published AUG 07, 2012

CFPB Makes International Money Transfers Easier for Certain Financial Institutions

The rule implements new protections under the Dodd-Frank Wall Street Reform and Consumer Protection Act that require remittance transfer providers to...

Press release

Published JAN 20, 2012

CFPB Adopts Rule to Protect Consumers Sending Money Internationally

Under the new rule, remittance transfer providers will generally be required to disclose the exchange rate and all fees associated with a transfer so that...

Press release

Published JUL 20, 2011

CFPB Releases Report On Issues Facing Users of International Money Transfers

A report released today by the Bureau recommends principles for maximizing consumers' ability to receive and use exchange rate information when making...