Washington, D.C. (May 1, 2013) – Statement of Richard Hunt, President and CEO, Consumer Bankers Association in response the CFPB’s final rule on Remittances, also known as International Monetary Transfers: “CBA commends the CFPB on its willingness to work with the industry to address the serious concerns voiced by the retail banking sector. As a result, the changes made to the final rule will allow our members to effectively serve their customers’ needs when sending money abroad. ” Editor’s note: As proposed, the rule would have had significant adverse consequences for consumers and would...