This script search US Code. View Rule
Menu Item - Home
Menu Item - Agenda Main page
Menu Item - Historical Agenda
Menu Item - Historical Agenda
Menu Item - Agenda Search
Menu Item - Agenda XML Reports
Menu Item - EO Dashboard
Menu Item - Reg Review
Menu Item - EO Agency lists
Menu Item - EO Search
Menu Item - EO Historical Reports
Menu Item - Review Counts
Menu Item - OIRA Letters
Menu Item - EOM 12866 Search
Menu Item - EO XML Reports
Menu Item - ICR Dashboard page
Menu Item - ICR Main page
Menu Item - ICR Search
Menu Item - ICR XML Reports
Menu Item - FAQ
Menu Item - Additional Resources
Menu Item - Contact Us
Search: Agenda Reg Review ICR

View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

CFPB RIN: 3170-AA45 Publication ID: Spring 2014 
Title: Extension of the Temporary Exception for Certain Disclosures Under the Remittance Transfer Rule 
Abstract: On February 7, 2012, the CFPB published in the Federal Register a final rule to implement section 1073 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which amended the Electronic Fund Transfer Act to create a comprehensive new Federal consumer protection regime for remittance transfers by U.S. consumers to individuals and businesses in foreign countries. Consistent with the statute, the final rule generally requires remittance transfer providers to provide exact disclosures relating to the remittance transfer, but permits insured depository institutions and insured credit unions to estimate the exchange rate and certain other disclosures under certain circumstances. The statute provides that the exception shall expire on July 21, 2015, unless the CFPB extends the exception for up to five years based on a determination that the termination of this provision would negatively affect the ability of insured institutions to send remittances to locations in foreign countries. The CFPB will consider in a 2014 rulemaking whether to extend the temporary exception for certain estimates in the rule beyond its current expiration date. 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 USC 1693o-1(a)(4)(B)   
Legal Deadline:
Action Source Description Date
NPRM  Statutory    07/21/2015 
Action Date FR Cite
NPRM  04/25/2014  79 FR 23233   
NPRM Comment Period End  05/27/2014 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 3170-AA33, Related to 7100-AD68 
Agency Contact:
Eric Goldberg
Consumer Financial Protection Bureau
Office of Regulations,
Phone:202 435-7700

About Us   Vertical Spacer Spacer Related Resources   Vertical Spacer Spacer Disclosure   Vertical Spacer Spacer Accessibility   Vertical Spacer Spacer Privacy Policy   Vertical Spacer Spacer Contact Us