Webinar: Complying with the
Final 1073 International Remittance Rule: Deadline October 28, 2013
Wednesday, July 31, 2013
Speaker: Luann S. Kohlmann, AAP, NCP,
About the Program
The rule is now final! As of October 28, 2013, all financial
institutions will be impacted by the new CFPB 1073 international
remittance rule (Subpart B to Regulation E). This subpart was
established to protect consumers who initiate cross border money
transfers, including wires, ACH (IAT), online bill pay, certain prepaid
card loads, and sweep accounts.
Don’t let these changes put your financial institution at risk.
Join us to learn about the recent amendments and their impact. All
elements of the rule will be reviewed, including key requirements,
practical considerations, and preparation steps you can take to
The Remittance Transfer Rule, new proposed amendments, and expected
What qualifies as a Remittance Transfer, Sender, Recipient, and
"Normal Course of Business"
Disclosure requirements for prepayment, receipt, and foreign
Accuracy requirements, exemptions, sender cancellation rights, and
Preparation steps: developing policies, assessments, and determining