Remittance Companies in CFPB’s Crosshairs
By Jeremy McLaughlin and Judie Rinearson
The Consumer Financial Protection Bureau (CFPB) recently announced settlements with two remittance transfer providers for violations of the Electronic Funds Transfer Act (EFTA) and the Remittance Rule, part of the regulation that implements the EFTA—an area in which there isn’t typically much CFPB enforcement activity.
Read More