CFPB Flags False Advertising Risk For Money Transfer Firms

[Gunnar Larson]

CFPB Flags False Advertising Risk For Money Transfer Firms
<https://www.law360.com/banking/articles/1818237?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-03-28&read_main=1&nlsidx=0&nlaidx=1>

By Jon Hill

The Consumer Financial Protection Bureau on Wednesday cautioned
international money transfer providers about how they market themselves,
saying advertising services as "free" when customers are still required to
pay additional fees for converting or delivering funds may violate federal
law.

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