The CFPB has announced a temporary delay for the effective date of the Remittance Transfer Rule, initially 
scheduled for February 7th. The Bureau has indicated we can expect to learn of a revised effective date later this year.
Stay tuned as we learn more. You can also read more about the rule and associated amendments and proposals at the CFPB’s Remittance Web Page.
Published
2013/01/25
Diane Dean
Diane joined Banker’s Compliance Consulting with over 10 years of compliance experience and over 15 years of experience within the financial industry. Diane is a Certified Regulatory Compliance Manager (CRCM) and has a Bachelor’s Degree in Sociology with a concentration in Criminal Justice. She is a graduate of the Schools of Banking Compliance School and has participated in various other training opportunities throughout her career. Diane understands firsthand the struggles banks face in building and maintaining successful compliance programs. Her experience and common sense approach to consumer compliance is a great asset to our clients. Diane and her husband have two kids who keep them busy. She enjoys running and other sports and is a big Bugs Bunny fan! She’s a bit crazy in that she does enjoy reading some of these regulations and she’s a “crazy cat lady!” Her cat tales are hilarious!