Remittance Transfer Rule (12 CFR 1005 Subpart B)

The Remittance Transfer Rule, set out in 12 CFR 1005 Subpart B, is a Consumer Financial Protection Bureau regulation that governs how providers must disclose fees, exchange rates and transfer timing for international money transfers. It establishes consumer-friendly standards for error resolution, cancellation and liability, aiming to increase transparency and protect senders in cross-border remittances.