Newsroom

Press release

Published AUG 22, 2014

CFPB Finalizes Revisions to Rule Protecting Consumers Sending Money Internationally

Revisions Will Help Facilitate Compliance With New Consumer Protections The Bureau today finalized revisions to the remittance rule that it had proposed in...

• • Money transfers

Press release

Published APR 15, 2014

CFPB Proposes Revision to Rule Protecting Consumers Sending Money Internationally

The Bureau today proposed revisions to its international money transfer rule. The revisions are intended to preserve the rule's new consumer protections...

• • Money transfers

Press release

Published JAN 23, 2014

CFPB Proposes Rule to Oversee Larger Nonbank International Money Transfer Providers

Today the Bureau proposed a rule that would allow it to supervise certain nonbank international money transfer providers for the first time. The proposed...

• • Money transfers

Testimony

Published NOV 12, 2013

Written Testimony of Director Cordray Before the Senate Committee on Banking, Housing and Urban Affairs

Chairman Johnson, Ranking Member Crapo, and Members of the Committee, thank you for inviting me to testify today about the fourth Semi-Annual Report of the...

By Richard Cordray

• • Auto loans
• • Enforcement
• • Money transfers
• • Mortgages
• • Open government
• • Rulemaking
• • Servicemembers
• • Student loans
• • Supervision

Press release

Published OCT 28, 2013

El CFPB Lanza Campaña Educativa Sobre Nuevas Medidas de Protección para Transferencias Internacionales de Dinero

La campaña se centra en la transparencia y las nuevas medidas de protección La Oficina para la Protección Financiera del Consumidor (CFPB, por sus siglas en...

• • Money transfers

Press release

Published OCT 28, 2013

CFPB Launches Education Campaign About New International Money Transfer Protections

Multilingual Multimedia Campaign Focuses on Transparency and New Protections The Bureau is launching a nationwide multimedia campaign to inform consumers...

• • Money transfers

Press release

Published OCT 22, 2013

CFPB Publishes Procedures to Ensure Consumers Making Remittance Transfers are Protected

The Bureau today published the procedures it will use in examining institutions that make remittance transfers for consumers. The Bureau is also releasing...

• • Money transfers

Press release

Published APR 30, 2013

CFPB Revises Rule Protecting Consumers Sending Money Internationally

The remittance rule creates a comprehensive consumer protection regime for remittance transfers sent by consumers in the United States to individuals and...

• • Banking
• • Money transfers
• • Rulemaking

Press release

Published DEC 21, 2012

CFPB Proposes Revisions to Rule Protecting Consumers Sending Money Internationally

Today's proposal builds on a final rule on international money transfers that was published by the Bureau on February 7, 2012, and later supplemented on...

• • Banking
• • Money transfers
• • Rulemaking
• • Saving

Press release

Published AUG 07, 2012

CFPB Makes International Money Transfers Easier for Certain Financial Institutions

The rule implements new protections under the Dodd-Frank Wall Street Reform and Consumer Protection Act that require remittance transfer providers to...

• • Banking
• • Compliance
• • Money transfers
• • Rulemaking

Press release

Published JAN 20, 2012

CFPB Adopts Rule to Protect Consumers Sending Money Internationally

Under the new rule, remittance transfer providers will generally be required to disclose the exchange rate and all fees associated with a transfer so that...

• • Banking
• • Money transfers
• • Rulemaking

Press release

Published JUL 20, 2011

CFPB Releases Report On Issues Facing Users of International Money Transfers

A report released today by the Bureau recommends principles for maximizing consumers' ability to receive and use exchange rate information when making...

• • Academic Research Council
• • Banking
• • Money transfers