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CFPB RIN: 3170-AA96 Publication ID: Fall 2019 
Title: Remittance Transfers 

Section 1073 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) contains an exception to disclosure requirements for remittance transfers. The exception permits insured depository institutions and insured credit unions in certain circumstances to estimate certain required disclosures. As mandated by statute, this exception will expire on July 21, 2020. After completing an assessment in October 2018 of rules to implement Dodd-Frank Act requirements for international remittance transfers, the Bureau issued in April 2019 a Request for Information to gather information related to the expiration of the temporary exception and information related to the scope of the Remittance Rule’s coverage. In its consideration of appropriate next steps, including potentially rulemaking, the Bureau is taking account stakeholder feedback during the assessment process and comments received in response to the Request for Information. 

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 13771 Designation: Independent agency 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 U.S.C. 1693 et seq.   
Legal Deadline:  None
Action Date FR Cite
Pre-Rule Activity--Request for Information  04/29/2019  84 FR 17971   
NPRM  12/00/2019 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jane Raso
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700