The CFPB proposed changes on Tuesday to its international money transfer rule.

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, banks and credit unions are able to estimate third-party fees and exchange rates when providing remittance transfers to their accountholders until July 21, 2015.

If finalized, the CFPB's proposal would extend the temporary exception by five years until July 21, 2020.

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Regulatory & Compliance