CFPB Issues Small Entity Compliance Guide for Transfers
October 29, 2012
The CFPB recently put out its small business compliance guide for the bureaufs international electronic money transfers rule (also known as the remittance rule), which will take effect Feb. 7, 2013. The publication summarizes the remittance rule, and includes information to assist a business in determining whether it will be subject to the rule, along with details on the rulefs requirements. The guide is not a substitute for the rule, but it highlights issues that businesses, in particular small businesses and those that...