CFPB Delays Remittance Rule Effective Date

Posted on January 28th, 2013 in Banking, Consumer Finance, Federal Issues By BuckleySandler

On January 22, the CFPB announced that the effective date for its international remittance transfer rule, originally set for February 7, 2013, is delayed, and that a new effective date will be announced later this year. The CFPB recently proposed making the rule effective 90 days after proposed revisions to the rule are finalized.