Advanced Search

Volume 25 - Number 3

February 3, 2014

CFPB Proposes to Oversee Larger Nonbank Money Transfer Firms

The CFPB has issued a proposed rule that would allow it to supervise “larger participant” nonbank international money-transfer providers for the first time. The CFPB’s proposed rule would subject any nonbank international money transfer provider that provides more than 1 million international money transfers annually to the bureau’s supervisory authority under the agency’s remittance rule, which took effect in October 2013. Under the proposal, bureau examiners would be able to examine larger nonbank international money-transfer providers...

Subscribers to Inside the CFPB have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?

Subscribe

This biweekly keeps mortgage executives on top of the onslaught of new legal and regulatory issues the industry has been seeing.

 

Pay-Per-View

You can purchase this article for $55.00 without subscribing and always have access to it on insidemortgagefinance.com.

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744

Poll

After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.
2 to 3 years. GSE reform is complicated.
Sadly it won’t happen in a Clinton or Trump first term.
Not in my lifetime.

vote to see results
Housing Pulse