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Tuesday, October 29, 2013

CFPB Launches Education Campaign: Remittance Transfers

The CFPB has launched a nationwide multimedia education campaign about new international money transfer rules that went into effect yesterday.

According to the CFPB, consumers transfer tens of billions of dollars from the U.S. to foreign countries each year. The Dodd-Frank Act expanded the scope of the Electronic Fund Transfer Act to provide protections for remittance transfers.

Read more.

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