{"id":4753,"date":"2019-11-06T09:00:30","date_gmt":"2019-11-06T14:00:30","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=4753"},"modified":"2019-09-30T13:09:47","modified_gmt":"2019-09-30T18:09:47","slug":"cfpb-settles-with-maxitransfers-corp","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=4753","title":{"rendered":"CFPB Settles with Maxitransfers Corp."},"content":{"rendered":"\n
The Consumer Financial Protection Bureau (CFPB) settled with\nMaxitransfers Corp., a company that serves customers looking to send money\noverseas. This is CFPB’s first enforcement action with a violation of the\nRemittance Transfer Rule, which implements the Electronic Fund Transfer Act\n(EFTA). The CFPB found that Maxitransfers violated the Consumer Financial\nProtection Act of 2010 by stating to consumers that it would not be responsible\nfor the errors made by its third-party payment agents. The Remittance Transfer\nRule places the responsibility of the acts of the agent when the agent acts for\nthe provider on Maxitransfers. The CFPB also found that Maxitransfers violated the\nRemittance Transfer Rule and EFTA by using inaccurate language in disclosures\nand failing to maintain required policies to comply with error resolution\nprocedures.<\/p>\n\n\n\n
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If you have been a victim of a scam and would like to speak to\nan attorney, call our law office at 816-524-4949 or visit our website at\nHoorfarlaw.com.<\/p>\n","protected":false},"excerpt":{"rendered":"