Letter to CFPB Urging Regulations on International Remittances to Reduce Junk Fees
This letter, from a coalition of over 50 consumer, civil rights, academics and privacy organizations urges the Consumer Financial Protection Bureau (CFPB) to take meaningful actions to reduce and eliminate junk fees in international remittance transactions. Remittance disclosures should require that two numbers be highlighted: the total cost of the remittance (including the money sent…
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