12 CFR 1005.30 - Remittance transfer definitions
| Cite as | 12 CFR 1005.30 |
-
- This document is available in original version only for vLex customers
View this document and try vLex for 7 days - TRY VLEX
- This document is available in original version only for vLex customers
35 practice notes
-
Arbitration Agreements
...\469\ See 15 U.S.C. 1693(b); 12 CFR 1005.2(b) (defining ``account'') and 12 CFR 1005.30(e) (defining ``remittance The Bureau notes that it has separately proposed a rule to extend the definition of ``account'' to include ``prepaid accounts.'' \470\ As noted above, where this proposed rule r......
-
Telemarketing Sales Rule
...outside of the U.S.) are governed by the Remittance Rule, which provides disclosures to customers of money transfer providers. 12 CFR 1005.30(e) (definition of ``remittance transfer'' includes transfers ``sent by a remittance transfer provider'' to a ``designated recipient'' outside of the ......
-
Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z)
...regulatory regimes that provide consumer disclosures, error resolution and protection from unauthorized transfers. See generally 12 CFR part 1005. The Bureau is proposing to establish a new definition of ``prepaid account'' within Regulation E and adopt comprehensive consumer protection rul......
-
Defining Larger Participants of the International Money Transfer Market
...\21\ The term ``international money transfer'' is very similar to the term ``remittance transfer'' as defined in the Remittance Rule, 12 CFR 1005.30(e). However, the definitions differ in some substantive respects as specified below, including, for example, that transfers of $15 or less can......
Request a trial to view additional results
2 cases
-
Lower E. Side People's Fed. Credit Union v. Trump, 17 Civ. 9536 (PGG)
...impose new obligations on banks, including State National Bank. For example, in 2012 the Bureau promulgated the Remittance Rule. See 12 C.F.R. §§ 1005.30 – 1005.36. The Remittance Rule imposes disclosure requirements on institutions that offer international remittance transfers, which are e......
-
State Nat'l Bank of Big Spring v. Lew, Nos. 13–5247
...impose new obligations on banks, including State National Bank. For example, in 2012 the Bureau promulgated the Remittance Rule. See 12 C.F.R. §§ 1005.30 –1005.36. The Remittance Rule imposes disclosure requirements on institutions that offer international remittance transfers, which are el......
13 firm's commentaries
-
CFPB Proposes Definition of Larger Participants for the International Money Transfer Market
...year, then the person is deemed not to be providing remittance transfers for a consumer in the normal course of its business. 12 C.F.R. § 1005.30(f)(2). 7 5 U.S.C. § 609(b). 8 See, e.g., Final Report of the Small Business Review Panel on CFPB’s Proposals Under Consideration for Residential ......
-
CFPB Issues Final Remittance Transfer Regulations Under Dodd-Frank Act
...of the Federal Reserve in May 2011, see 76 Fed. Reg. 29902 (May 23, 2011). 2 Pub. L. 111-203, 124 Stat. 1376, § 1073 (2010) 3 12 C.F.R. §§ 1005.30 – .36. 4 An EFT is defined as: “any transfer of funds that is initiated through an electronic terminal, telephone, computer, or magnetic tape fo......
-
Dodd-Frank News: November 2015: Dodd-Frank Wall Street Reform and Consumer Protection Act Update
...Bank was subject to regulation by the CFPB and had, in fact, been regulated by the CFPB because it was subject to the Remittance Rule, 12 C.F.R. §§ 1005.30-1005.36, which requires institutions that offer electronic money transfers to make certain disclosures. While the Remittance Rule offer......
-
CFPB Proposes Definition Of Larger Participants For The International Money Transfer Market
...year, then the person is deemed not to be providing remittance transfers for a consumer in the normal course of its business. 12 C.F.R. § 1005.30(f)(2). 7 5 U.S.C. § 8 See, e.g., Final Report of the Small Business Review Panel on CFPB's Proposals Under Consideration for Residential Mortgage......
Request a trial to view additional results
6 forms
-
Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than $5 Billion
...of funds offered to consumers in the United States that: (a) are “remittance transfers” as defined by subpart B of Regulation E (12 CFR § 1005.30(e)), or (b) would qualify as “remittance transfers” under subpart B of Regulation E (12 CFR § 1005.30(e)) but are excluded from that definition o......
-
Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices
...of funds offered to consumers in the United States that: (a) are “remittance transfers” as defined by subpart B of Regulation E (12 CFR § 1005.30(e)), or (b) would qualify as “remittance transfers” under subpart B of Regulation E (12 CFR § 1005.30(e)) but are excluded from that definition o......
-
Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than $5 Billion
...of funds offered to consumers in the United States that: (a) are “remittance transfers” as defined by subpart B of Regulation E (12 CFR § 1005.30(e)), or (b) would qualify as “remittance transfers” under subpart B of Regulation E (12 CFR § 1005.30(e)) but are excluded from that definition o......
-
Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices
...of funds offered to consumers in the United States that: (a) are “remittance transfers” as defined by subpart B of Regulation E (12 CFR § 1005.30(e)), or (b) would qualify as “remittance transfers” under subpart B of Regulation E (12 CFR § 1005.30(e)) but are excluded from that definition o......
Request a trial to view additional results