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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. On April 25, 2014, the Bureau issued a proposed rule to extend the temporary exception for certain estimates in the rule from July 21, 2015, to July 21, 2020 and to clarify or make technical corrections to certain other aspects of the rule. In connection with the rulemaking, Bureau staff interviewed approximately 35 industry stakeholders and consumer advocacy groups about the temporary exception. The Bureau published a final rule in September 18, 2014.