Business
U.S. Bank Treasury Management



Related Links
Achieve Your Goals
Products & Services
Resources





Regulation E Updates

Dodd-Frank Regulation E Remittance Transfer Rule
On April 30, 2013, the Consumer Financial Protection Bureau (CFPB) released the Regulation E Remittance Transfer final rule with a new effective date of October 28, 2013, along with revisions to the rule requirements.

U.S. Bank is committed to helping our Corporate Customers prepare to meet the new remittance transfer rule requirements.

New Reg E rule
U.S. Bank updates
Reg E resources
Who to call 

New Reg E rule 
Regulation E Remittance Transfer Rule implements the statutory requirements set forth in Section 1073 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The rule provides new protections, including disclosures and error resolution and cancellation rights, to consumers ("Corporate Customers") who send remittance transfers to other consumers or businesses in a foreign country. A summary of the rule and related links can be found at the Consumer Financial Protection Bureau (CFPB) website at Final Remittance Rule.

U.S. Bank updates1
As we prepare for the rule change, we will publish information updates here. To request future updates by email, send an email to regeupdate@usbank.com.

July 2013 Update (PDF) Highlights of the rule, key definitions, outline of actions we are taking to prepare for the new requirements.

We have worked diligently to develop processes and procedures to comply with the Remittance Transfer Rule. Clients should check the LaunchPoint message center on U.S. Bank SinglePoint® for additional information and instructions for sending international remittances. Please contact your Relationship Manager, Treasury Management Consultant or FX Marketer if you have additional questions.

Reg E resources
We encourage you to consult with your Compliance professionals and Legal Counsel to determine how the Remittance Transfer Rule specifically impacts your organization and the transactions that we service for you.

Consumer Financial Protection Bureau (CFPB) The CFPB website is an excellent source to learn more information about changes that may impact your organization.
Federal Register The Federal Register contains the official interpretation of the final rule, along with extensive links, definitions and history.

Who to call
If you have questions...

Contact Send your questions via email to regeupdate@usbank.com

Return to top

This information is provided as a courtesy and for general reference purposes only and should not be relied upon for a full and complete understanding of the regulation. It should not be construed as replacing, professional legal advice. To determine how you are affected, you should consult your advisors. U.S. Bank and its affiliates do not assume any liability for any loss that may result from the reliance by you or any other person upon the information or opinions expressed in this website.

1In order to view, print or download the documents labeled PDF, you will need Adobe Acrobat Reader. Download now.


Business
Account Login

U.S. Bank Commercial Business Logins

TrustNow Essentials




Equal Housing Lender