The CFPB's International Remittance Transfer Disclosure Rules

On-Demand Webcast: One purchase gives your entire credit union unlimited access to this webcast until January 24, 2014

Due to the importance of this rule, the early-bird registration pricing will apply for this on-demand webcast indefinitely.

Open to all credit unions, regardless of membership or charter type!

Overview

The International Remittance Rule may have been delayed, but the complicated compliance issues for credit unions still exist. There may be some relief in sight regarding liability for sender errors in providing recipient account numbers and the incalculable foreign taxes issue. Even with these changes, some credit unions are getting out of the business of sending foreign wires. But, if your credit union is still in the business of processing international remittance transfers, you must be diligent in complying with the required disclosures.

Key Takeaways:

• Understand the challenges of providing the required disclosures
• Necessary calculations for rate, fee and tax information
• Timing of disclosures and notices
• The right to cancel and error resolution requirements
• Proposed changes from the CFPB
• New compliance deadlines

Industry Leading Speaker:

Credit Union Compliance Expert Mary-Lou Heighes, CUCE
President and Founder of Compliance Plus, Inc
Mary-Lou Heighes, CUCE, is president and founder of Compliance Plus, Inc., which helps credit unions with the development of compliance programs. Heighes provides compliance training at numerous credit union conferences throughout the country and has been an instructor at regulatory compliance schools, including NAFCU’s Regulatory Compliance Seminar. For the past eight years, she has spent many long hours drafting, rebutting, advising and reporting on legislative issues at the state and federal level.

Who Should Attend?

• Compliance, legal, paralegal and risk staff
• Senior management
• Accounting and controllers who handle ACH or wires
• Auditors
• Branch officers and managers
• Operations staff
• Quality control staff
• Research staff

NAFCU's webcasts include live streaming video and audio of the presenters along with presentation slides and downloadable handouts.  You can easily submit your questions to the presenters at any time and there is no dialing in over the phone!  The audio and video stream directly through your computer.

Registration Fees

On-Demand webcasts are available for up to 12 months after the live broadcast and are included in the registration fee.