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:

  1. Increases the safe harbor threshold from 100 remittance transfers to 500 remittance transfers annually; and
  2. Allows institutions to use estimates of certain fees and exchange rates in required disclosures if certain conditions are met.

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