Regulation E Remittance Transfer Rule Amendments 2020 Summary
Updated 09/10/2020
This tool summarizes the CFPB’s Final Rule amending the Remittance Transfer Rule in Regulation E. As discussed in more detail in the summary, in general the Final Rule:
- Increases the safe harbor threshold from 100 remittance transfers to 500 remittance transfers annually; and
- Allows institutions to use estimates of certain fees and exchange rates in required disclosures if certain conditions are met.
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