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CFPB Examination Procedures for International Remittance Transfers

Date: February 7, 2014

Time: 3:00pm - 4:30pm

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Available ONLY via Archived Webinar

Archived webinar available Friday, February 7, 2014

On October 28, 2013, Dodd-Frank 1073 was implemented to protect consumers when sending funds out of the country. Dodd-Frank 1073 primarily focuses on three areas of consumer protection:

  1. Mandatory disclosures of the financial institution’s transfer fees, currency exchange rates, fees charged (or estimated to be charged), and the net amount to be received by the payee
  2. Error resolution procedures
  3. Refund and cancellation rights

The CFPB has now released an examination manual to assess the compliance risks associated with this process. Join us to learn how to comply with these important consumer protection laws and avoid potential losses for your financial institution.

This course is eligible for 1.8 AAP credits.
Continuing Education: Attendance verification for CE credits upon request


  • Service provider due diligence
  • Policies and procedures
  • Employee training
  • Documentation and forms
  • Error resolution procedures
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key


This informative session is designed for ACH operations personnel, wire transfer department staff, branch employees, compliance officers, and AAP candidates.

Webinar content is subject to copyright and intended for your individual credit union’s use only.