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CFPB Finalizes Wider Safe Harbor For Remittance Rule, Law360

May 11, 2020

Morgan Lewis of counsel Eamonn Moran spoke with Law360 about regulations recently finalized by the US Consumer Financial Protection Bureau regarding international money transfer providers. In the article, he discussed the decision to adjust the safe harbor threshold. "Back in 2012, a lot of this data wasn't available on the remittance market, and so the rule was designed in a certain way," Eamonn said. "I think now we see the benefit of having additional data points and a more nuanced understanding of the structure and operations of the remittance transfer market."

Read the full Law360 article >>