Remittance Transfers Under the Electronic Fund Transfer Act (Regulation E)
Abstract
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.
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.
View Full Text on FederalRegister.gov →Opens in new tab · federalregister.gov
Other Rules from CFPB
Frequently Asked Questions
What is the 2024-22004 Federal Register document?
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.
Is document 2024-22004 an economically significant rule?
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.