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Friday, August 9, 2013

CFPB Updates Remittance Transfer Rule Resources

The CFPB has released an updated small business guide for the international electronic money transfer rule, as known as the remittance rule. The updated guide reflects the most recent changes to the rule while attempting to explain the requirements of the rule with will be effective October 28, 2013.

In addition, the CFPB has released a video that gives an overview of the rule, the recent changes, and responses to questions raised regarding interpretation and implementation of the rule.

Read more.

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