The remittance rule is a regulation established by the Consumer Financial Protection Bureau (CFPB) in the United States. It requires financial institutions to provide consumers with certain disclosures and protections when they send international money transfers or remittances. This rule aims to ensure transparency, accuracy, and fairness in remittance transactions, empowering consumers to make informed decisions and safeguarding their rights in cross-border money transfers.
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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Autonomous O2C to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.
