Outlier Briefing: How the Remittance Rule impacts pricing with TransferWise's Nick Catino

Welcome to Tearsheet’s Outlier Podcast. This subscriber-only podcast i exclusive for our Outlier members. We go deeper with subject matter experts, to take actionable steps that can impact your businesses and practice. To get access to the full audio and transcripts, head on over to Tearsheet and apply to become an Outlier member(tearsheet.co/outlier). The Consumer Financial Protection Bureau recently released its final rule covering remittance transfers. While the Remittance Rule requires transfer providers to generally disclose the exact exchange rate, the amount of certain fees, and the end amount expected to be delivered, it also allows certain banks and credit unions to continue to provide estimates of the exchange rate and certain fees under certain conditions. Today’s guest is Nick Catino, head of policy and campaigns for the Americas at TransferWise — he joins us to brief us on the CFPB’s final rule regarding remittances and what it means for fintechs, banks, and consumers.