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International remittance transfer rule revisions proposed
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Banking
Wednesday, January 2, 2013
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The Consumer Financial Protection Bureau published a proposal in the Federal Register on Dec. 31 to refine a final rule issued by the bureau earlier in 2012 that implements section 1073 of the Dodd-Frank Act regarding remittance transfers. The proposal amends subpart B of Regulation E, which implements the Electronic Fund Transfer Act. Read on to learn what the bureau targeted in its proposed revision.
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