J.P. Morgan | E-mail: Dodd-Frank 1073: A Solution from J.P. Morgan, and a Community Alert

E-mail: Dodd-Frank 1073: A Solution from J.P. Morgan, and a Community Alert

Never simple or easy for providers, the disclosure of consumer bank fees and charges will reach a new level of complexity this spring, when Dodd-Frank Act Section 1073 (known as Dodd-Frank 1073) is implemented. Dodd-Frank 1073 requires that any institution that provides US consumers electronic cross-border payment capabilities – referred to in the rule as “remittance transfer providers” -- must also provide disclosure of a full range of fees, including FX conversion rates, at the time the consumer seeks to originate a payment. In addition, all remittance transfer providers, or RTPs, must meet requirements for resolving any inquiries from consumers that arise from a covered transaction.

To (e-mail - use a comma between multiple address)

From (your email address)

The E-Mail Article feature is a convenient way for site visitors to forward links to articles of interest to others. JPMorgan Chase is not responsible for the use of this feature by site visitors, for the validity of any sender's e-mail address or for any message that is sent along with a forwarded article.