CFPB looking into money transfers

The Consumer Financial Protection Bureau has already issued a rule
governing international money transfers. Apparently, it is looking into
doing more, and it wants to hear from consumers about any problems they
have had with electronic money transfers. Consumers can go here to submit a money transfer complaint. The agency has identified these potential problem topics:

  • Money was not available when promised
  • Wrong amount charged or received (Transfer amounts, fees, exchange rates, taxes, etc.)
  • Incorrect/missing disclosures or info
  • Other transaction issues (Unauthorized transaction, cancellation, refund, etc.)
  • Other service issues (Advertising or marketing, pricing, privacy, etc.)
  • Fraud or scams

For more information, go here.


Leave a Reply

Your email address will not be published. Required fields are marked *