“On October 28th, 2013 international wire fees are going up. This is due to the remittance transfer rule amendment to Regulation E from the Dodd-Frank Act. Ironically, as a ‘consumer protection’ amendment, these new stipulations are suppose to help protect and disclose more information to those that are sending money abroad. The issue is that it really does the opposite of that–it simply makes international wires more expensive at the cost of those who can afford it the least. JP Morgan Chase has announced that they will no longer be offer outbound international wire services in response to this new regulation.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Mark Thornton on "Government Shutdown"
Peter Thiel & Founders Fund lead $2m funding round in BitPay
Evidence Snowden is Being Protected By the CIA?
"Justice" in Amerika: Two Years for Rape, Ten Years for Hacking
Chinese Investors Pile Into Bitcoin; BTC China Raises $5 Million
South American states to recall ambassadors from Europe over Bolivian plane incident
Black Market Reloaded Hacked – Around $200,000 Stolen
Furloughed FAA employee goes on Miami shooting rampage
LTE wireless connections used by billions aren’t as secure as we thought
Facebook Removes Declaration of Independence Text as Hate Speech
84-year-old woman with oxygen tank arrested for drugs
California Good Samaritan Drug Overdose Bill Signed Into Law
Stockman to Trump: It's the Economy, Stupid
Bill would establish U.S. national park on the Moon
Over $100K in Bitcoin Was Stolen in a Ridiculously Low-Tech Heist