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Morrison & Foerster Client Alert: Consumer Financial Protection Bureau Finalizes Regulatory Scheme for Remittance Transfers

by Ezra C. Levine, Andrew M. Smith, and M. Sean Ruff Earlier this week, the Consumer Financial Protection Bureau ("Bureau") published, in the Federal Register, a final rule setting forth an entirely new regulatory scheme for companies that provide remittance transfers, including banks.1 Remittance...