January 23, 2013
Authored by: Bryan Cave Leighton Paisner
The CFPB announced yesterday that it will delay the effective date of its rules governing remittance transfer rules beyond the previously set February 7, 2013,effective date. The new effective date will be determined when the bureau finalizes its additional revisions to the rules based on the proposed changes published in late December. The comment period on that proposal closes January 30, 2013.