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CFPB Issues RFI For Remittance Rule At Urging Of CUNA

PYMNTS

The Consumer Financial Protection Bureau (CFPB) announced Thursday (April 25) that it has issued a request for information on its remittance rule, which had faced calls by the Credit Union National Association for revision. The rules excluded a provider that does less than 100 transfers.

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American Fintech Council Calls for Treasury to Back Innovation by Enhancing Regulatory AI Clarity

The Fintech Times

In June, the Treasury Department issued a request for information on the use of AI in financial services. A unified federal framework is necessary for setting clear rules of the road and unlocking AI’s staggering potential to create a more inclusive financial system.