Once the domain of Latin mom-and-pop shops, remittance services have in recent years become accessible to Hispanic and other consumers through their local credit unions.
Bill would require NCUA and others to first gain approval from OMB before issuing new regulations.
The Consumer Financial Protection Bureau will broadcast a free 90-minute webinar at 2:30 p.m. EDT today about new remittance regulations that take effect Feb. 7, 2013.
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My credit union lost $23 million when WesCorp failed so I can say I have 23 million reasons to want CAMEL ratings disclosed.
Consultant has been to many institutions of various sizes recently where examiners have written then up for not doing enough.
A bill that could reduce the ability of the CFPB and NCUA to issue new regulations has some traction, NAFCU's chief lobbyist said.
Bill would require rules by independent agencies to meet same scrutiny as those from federal agencies.