Consumer Financial Protection Circular 2024-02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer
Abstract
The Consumer Financial Protection Bureau (Bureau or CFPB) has issued Consumer Financial Protection Circular 2024-02, titled, "Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer." In this circular, the Bureau responds to the question, "When do remittance transfer providers violate the prohibition on deceptive acts or practices in the Consumer Financial Protection Act (CFPA) in their marketing about the speed and cost of sending a remittance transfer?"
Federal Register Source
This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.
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Other Rules from CFPB
Frequently Asked Questions
What is the 2024-08007 Federal Register document?
Document 2024-08007 is a Final Rule published by the Consumer Financial Protection Bureau in the Federal Register on April 17, 2024. The Consumer Financial Protection Bureau (Bureau or CFPB) has issued Consumer Financial Protection Circular 2024-02, titled, "Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer." In this circular, the Bureau responds to the question, "When do remittance transfer providers violate the prohibition on deceptive acts or practices in the Consumer Financial Protection Act (CFPA) in their marketing about the speed and cost of sending a remittance transfer?" View the original at https://www.federalregister.gov/documents/2024/04/17/2024-08007/consumer-financial-protection-circular-2024-02-deceptive-marketing-practices-about-the-speed-or-cost.
Is document 2024-08007 an economically significant rule?
No. Document 2024-08007 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.