Banks can thank two powerful consumer groups for getting exactly what they wanted from the Consumer Financial Protection Bureau's final rule on international money transfers.

The rule, released Tuesday, was far less onerous to banks than what the CFPB first proposed. Experts say the agency backed away from proposed stiffer requirements after the Center for Responsible Lending and the National Council of La Raza raised fears that they would drive small banks and credit unions out of the $534 billion remittance business.

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