Clearing the Air: Remittance Transfers
Every year, consumers in the U.S. transfer billions of dollars out of the country through banks, credit unions, and other businesses in ways that fall under the definition of a remittance transfer. In light of the CFPB's recent amendments to Regulation E, AffirmX's Senior Analyst helps clear the air about what a remittance transfer is and what it involves, because you might be surprised at what is and is not covered by this regulation and the recent amendments. [9/9/14]
