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January 22, 2013

Discounts for all in Jan. 24 remittance webcast

NAFCU has extended registration discounts for Thursday's webcast on the CFPB's remittance regulation to all participants.

The webcast, "The CFPB's International Remittance Transfer Disclosure Rules," will give participants a look at the overall regulation and the CFPB's recent proposed changes affecting liability for sender errors an incalculable foreign taxes.

The CFPB is delaying its final rule, but credit unions are still concerned about how that rule will affect those institutions that offer only a few remittances each month. Some institutions offer this service solely as a convenience to members and are looking at whether they will be able to afford continuing the service under new disclosure requirements in the final reg.

Mary-Lou Heighes, president and founder of Compliance Plus Inc. and a credit union compliance expert, leads Thursday's webcast.

The webcast is open to NAFCU members and nonmembers; learn more online.

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