Remittance Proposal - Temporary Exception (Electronic Fund Transfers (Regulation E)): Extension of Comment Period

On April 25, 2014, the Bureau of Consumer Financial Protection (Bureau) published in the Federal Register a Notice of Proposed Rulemaking proposing amendments to certain requirements set forth in subpart B of Regulation E related to remittance transfers (Remittance Proposal). The Remittance Proposal allowed a 30-day comment period that will end on May 27, 2014. To allow interested persons additional time to consider and submit their responses, the Bureau has determined that an extension of the comment period until June 6, 2014, is appropriate.

Federal Register Notice

Remittance Proposal - Temporary Exception (Electronic Fund Transfers (Regulation E)): Extension of Comment Period