Reg E Remittance Transfer - Overview

The FIF Regulation E Working Group was formed to address implementation issues associated with changes to Regulation E expected to go live on February 2013. The Consumer Financial Protection Bureau issued Regulation E to protect consumers who send money electronically to foreign countries. These transactions are called “remittance transfers.” This rule impacts broker dealers that offer remittance transfer services to their customers including retail and clearing broker dealer.



Roger Burchard, UBS