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As you may be aware of by now, the Consumer Financial Protection Bureau (CFPB) has amended Regulation E with respect to remittance transfers. No big deal right? Well in the words of Lee Corso, “Not so fast my friend…” You may be surprised to learn that the change does impact credit unions.
Depending on how many international wire transfers or ACH transactions your credit union performs each year, you may be subject to the rule. If you are, you will also be subject to the new error resolution procedures.
The good news…
PolicyWorks, alongside our colleagues at Coopera, will be hosting a webinar in conjunction with CUNA on February 21st. We will cover what you will need to know to ensure your credit union remains compliant with respect to these changes.
Here is the info:
WEBINAR
Regulation E Remittance Transfer Rule
February 21, 2012
2 to 3 p.m. CST
Cost: $219
(PolicyWorks clients are eligible for a discount and should contact us for details)
Register Now
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