Regulation E Remittance Transfer Rule Amendments 2020 Summary
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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