Cross Border Remittances

The speb can define larger market participants and then set formal supervision and examin examination frameworks for those companies that meet the threshold. The rule ended up getting structured in a way so it really only swept up the largest companies, money gram, western union and pay pal. Even though these companies are examined due to one thing, cross border remittances, very narrow niche kind of product, the onsit, c p b examiners have the authority to ask for consumer compliance information about any of the other products and services as companies might be offering.