You have rights and protections when you send money abroad
Money transfer providers are required to comply with rules that protect your rights when you send money overseas.
Blog archive
The hidden cost of junk fees
When we shop, we often look at the cheapest advertised price. But the true price may include junk fees. Learn the most common types and share how these fees impact your financial life.
Bureau releases its assessment report of the Remittance Rule
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.
Helpful tips for using mobile payment services and avoiding risky mistakes
Do you use person-to-person payment services? Protect your money by learning the risks associated with mobile payment apps and services.
Understanding Consumer Experiences: Insights from CFPB’s 2016 Consumer Response Annual Report
We recently published our
Consumer Response Annual Report, which provides an overview of the complaints
we received in 2016.
We are seeking comment on our plan for assessing the remittance rule
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...
Adjusting to a new country’s financial system takes time
Looking back, I wish I had had more unbiased sources of information so I could have made smarter choices.
Newly arrived and in need of help navigating our financial system
To help, we developed the Newcomer's Guides to Managing Money, an unbiased resource for recent immigrants. Take a look and see ways to pay bills, receive...
What’s on your international money transfers paperwork?
If you send money to other countries, you can now get more information about exchange rates and costs before you pay for the transfers. That's because of a...
Send money abroad with more confidence
Today, you have new rights if you send money to family or others outside the United States. These protections come from a new rule that applies to...
Updates to remittance transfer rule resources and a correction to the rule
We strive to make financial markets work for both consumers and the entities we regulate. Critical to that goal is making sure that businesses – both small...
Now accepting money transfer complaints
It's pretty incredible that you can quickly send money to almost anywhere in the country or abroad. Many people do so on a daily basis and starting today...
Temporarily delaying the implementation of our international remittance transfer rule
Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...
Proposed changes to the remittance rule and an extension of rule’s effective date
Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...
Helping small businesses understand and comply with the new remittance rule
Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...
Remittance Rule Session
Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...
Working to help industry understand and comply with the new remittance rule: Countries list and webinar
Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...
Remittance transfer rule: A personal perspective
As a child of South Asian immigrants, I recall my parents frequently sending money back to our family and friends in India. They would use a service to send...
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