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The National Consumer Law Center's Margot Saunders says she was especially disappointed that the final rule did not provide incentives for banks to develop more sophisticated technology applications to catch errors.

Consumer Groups Help Banks Score Victory on Remittance Rule

by Kate Berry
MAY 3, 2013 4:16pm ET
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Experts say the CFPB backed away from stiffer requirements after two powerful consumer groups raised fears that they would drive small banks and credit unions out of the remittance business.

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