CFPB Postpones Rule On International Money Transfers

Law360, New York (January 23, 2013, 1:34 PM EST) -- The Consumer Financial Protection Bureau on Tuesday indefinitely delayed the effective date for a new rule governing international money transfers because it was still receiving comments on three proposed technical changes to an already amended final version of the rule.

In a blog post, the agency said the delay was necessary because the comment period for the three changes to the rule that the agency announced in December was still open. With the rule set to go into effect on Feb. 7, the CFPB said it...
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