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Tag Archives: remittance

CFPB launches assessment of remittance rule

Posted in Remittance Transfers

The CFPB has issued a notice regarding its plans to conduct an assessment of its remittance transfer rule which became effective on October 28, 2013. The assessment is being conducted under Section 1022(d) of the Dodd-Frank Act which requires the CFPB to conduct an assessment “of each significant rule or order adopted by the Bureau under… More >

CFPB issues Winter 2016 supervisory report

Posted in CFPB Exams

In its Winter 2016 Supervisory Highlights, which covers supervision work generally completed between September and December 2015, the CFPB highlights violations found by CFPB examiners involving consumer reporting, debt collection, mortgage origination, remittances, and student loan servicing. The report states that recent non-public supervisory actions have resulted in restitution of approximately $14.3 million to more… More >