Five Democratic Senators urge CFPB to revise remittance transfer rule
CFPB Monitor
OCTOBER 25, 2022
Brian Schatz (D-Hawaii), Jack Reed (D-R.I.), sent a letter to CFPB Director Rohit Chopra to request that the Remittance Rule be modified to require transfer providers to disclose the true cost of remittance payments so consumers can comparison shop. Senators Elizabeth Warren (D-Mass.),Dianne Dianne Feinstein (D-Calif.),
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