Trade Groups Lobby CFPB for Changes to Remittance Transfer Rule Proposal
The trade groups are generally supportive of the proposal to revise the Remittance Transfer Rule, but outline in this letter a number of clarifications and revisions that are needed, including a clarification that would permit the remittance transfer provider to look at the way in which an account funding a transfer is identified at the time the transfer is requested to help determine whether it is for personal, family or household purposes. [6/10/14]
