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10.26 Remittance Transfers

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10.26 Remittance Transfers

 

 


10.26.   Remittance Transfers.  The Act requires the Fed to issue rules regarding disclosures that must be made by remittance transfer providers, including certain disclosures specified in the Act.  The Act also contains provisions regarding the form of such disclosures and error resolution requirements.  Each of the Federal banking agencies and the NCUA are to provide guidelines to financial institutions under the jurisdiction of the agency regarding the offering of low-cost remittance transfers and no-cost or low-cost basic consumer accounts, as well as agency services to transfer providers. 1073]