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Notes and Papers

TCH Assists in International Understanding of the Final Remittance Transfer Rule

By TCH Research

The Clearing House Association and the Payment Market Practice Group published a co-authored white paper for the international community regarding Section 1073 and the final rule. The purpose of the paper is to provide information which will enhance the global market's awareness and understanding of the new regulatory requirements and explain why U.S. providers will need to change the way they handle currency conversions and their need for fee information from their correspondents.