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Remittance transfer rule (subpart B of Regulation E)

This page contains resources and other materials to help you understand, implement, and comply with the Remittance Transfer Rule. It also contains links to our consumer education materials.

Rule

Final rule page with links to Federal Register notices of the Remittance Transfer Rule and related materials. 

Remittance transfer rule on eRegulations starts at section 1005.30.

Examination materials and resources

Remittance transfer examination procedures  used by the CFPB to examine entities that provide remittance transfers.

Final rule defining larger participants in the international money transfer market . The CFPB has supervisory authority over persons meeting the definition of "larger participants for a market for international money transfers" and can examine such persons for compliance with, among other things, the Remittance Transfer Rule.  

Compliance materials

Small entity compliance guide

Our easy-to-use summary of the Remittance Transfer Rule and its requirements. This guide makes the content more accessible for industry constituents, especially smaller businesses with limited legal and compliance staff. 

Small Entity Compliance Guide (version 4.0, Jan. 31, 2017)

Compliance video

A video overview of the Remittance Transfer Rule and its requirements.

Compliance video  (Aug. 8, 2013)

Download the presentation used in the video.

Model forms

A-30(a)  – Model form for pre-payment disclosures for remittance transfers exchanged into local currency (§ 1005.31(b)(1)), which includes the general disclaimer for fees charged by the recipient’s bank and foreign taxes

A-30(b)  – Model form for pre-payment disclosures for remittance transfers exchanged into local currency (§ 1005.31(b)(1)), which includes the general disclaimer and an example of the estimate of fees charged by the recipient’s bank

A-30(c)  – Model form for pre-payment disclosures for remittance transfers exchanged into local currency (§ 1005.31(b)(1)), which includes the general disclaimer and an example of the estimate of foreign taxes

A-30(d)  – Model form for pre-payment disclosures for remittance transfers exchanged into local currency (§ 1005.31(b)(1)), which includes the general disclaimer and an example of the estimate of fees charged by the recipient’s bank and an estimate of foreign taxes

A-31  – Model form for receipts for remittance transfers exchanged into local currency (§ 1005.31(b)(2))

A-32  – Model form for combined disclosures for remittance transfers exchanged into local currency (§ 1005.31(b)(3))

A-33  – Model form for pre-payment disclosures for dollar-to-dollar remittance transfers (§ 1005.31(b)(1))

A-34  – Model form for receipts for dollar-to-dollar remittance transfers (§ 1005.31(b)(2))

A-35  – Model form for combined disclosures for dollar-to-dollar remittance transfers (§ 1005.31(b)(3))

A-36  – Model form for error resolution and cancellation disclosures (long) (§ 1005.31(b)(4))

A-37  – Model form for error resolution and cancellation disclosures (short) (§§ 1005.31(b)(2)(iv) and (b)(2)(vi))

A-38  – Model form for pre-payment disclosures for remittance transfers exchanged into local currency – Spanish (§ 1005.31(b)(1))

A-39  – Model form for receipts for remittance transfers exchanged into local currency – Spanish (§ 1005.31(b)(2))

A-40  – Model form for combined disclosures for remittance transfers exchanged into local currency – Spanish (§ 1005.31(b)(3))

A-41  – Model form for error resolution and cancellation disclosures (long) – Spanish (§ 1005.31(b)(4))

Additional materials

Safe harbor countries

A list of countries that qualify for an exception to the Remittance Transfer Rule.  

View full list from the Federal Register  (Nov. 05, 2013) 

Consumer education materials

Free consumer education materials  are available in English, Spanish, Haitian Creole, Chinese, and Tagalog.

Remittance transfer providers must include the CFPB’s website on receipts and combined disclosures they provide to consumers. Providers can meet this requirement by including consumerfinance.gov/sending-money or a version of that page available in the applicable language. In addition to the English version, there are Spanish, Haitian Creole, Chinese, Tagalog, Korean, Vietnamese, Russian, and Arabic versions of the page.  

We also have answers to frequently asked questions regarding remittance transfers in English and Spanish. Consumers with questions or complaints can contact us at (855) 411-2372 or submit a complaint online.