CFPB Provides Remittance Transfer FAQs

On 6/2/2020, the CFPB issued Compliance Aid to assist financial institutions with understanding their responsibilities for the remittance transfer rule in light of the COVID-19 pandemic. This three page document provides three questions and answers for applicable financial institutions.

The full compliance aid can be found here

CFPB Settles on UDAAP Case

NCUA Delays Resumption of Onsite Operations