Remittance Transfers Under the Electronic Fund Transfer Act (Regulation E)

Document 2024-22004 is a Proposed Rule published by the Consumer Financial Protection Bureau in the Federal Register on September 30, 2024. The Consumer Financial Protection Bureau (CFPB) proposes a narrowly tailored amendment to certain remittance transfer disclosure requirements in the remittance rule in Regulation E (Remittance Rule or Rule), which implements the Electronic Fund Transfer Act, and certain accompanying model forms, to ensure that consumers sending a remittance transfer have information about the types of inquiries that may be most efficient to direct to the CFPB and the State agency that licenses or charters their remittance transfer provider. View the original at https://www.federalregister.gov/documents/2024/09/30/2024-22004/remittance-transfers-under-the-electronic-fund-transfer-act-regulation-e.

No. Document 2024-22004 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.