CFPB Wants To Supervise International Money Transfer Operations

CFPB Wants To Supervise International Money Transfer Operations

In Oct. 2013, new rules from the Consumer Financial Protection Bureau kicked in that provided new disclosures and protections for people making international money transfers. While the CFPB has the ability to check in with the nation’s largest banks and credit unions to make sure they are complying with these new rules, it doesn’t yet have that authority for non-bank companies that offer this service. [More]