Five Democratic Senators urge CFPB to revise remittance transfer rule
CFPB Monitor
OCTOBER 25, 2022
The Remittance Transfer Rule (“Remittance Rule”), Subpart B of Regulation E, 12 C.F.R. §§ 1005.30 Brian Schatz (D-Hawaii), Jack Reed (D-R.I.), The investment in the technology and resources to determine these third party fees is no small task or expense. Senators Elizabeth Warren (D-Mass.),Dianne Dianne Feinstein (D-Calif.),
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