CFPB Must Supervise Auto Finance, Debt Collection, Credit Reporting, and International Remittance Industries
Rigorous Supervision Is Needed to Protect People from Financial Abuse
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Rigorous Supervision Is Needed to Protect People from Financial Abuse
Hidden and Predatory Remittance Fees Plague Immigrant Families WASHINGTON – A coalition of over 50 consumer, civil rights, academics and privacy organizations submitted a letter this week urging the Consumer Financial Protection Bureau (CFPB) to take meaningful actions to reduce and eliminate junk fees in international remittance transactions – fund transfers frequently used by immigrants…
Originally airing on December 1, 2021 on the American Banker podcast, Polo Rocha discusses with Margot Saunders changes that consumer advocates worry could make remittances less transparent–leaving customers shortchanged.
Read More about American Banker "What will it take to get banks into remittances?"