Federal consumer finance watchdog to tighten bank rules around money-transfer scams, report says
The Consumer Financial Protection Bureau plans to tighten banking rules related to money-transfer scams, according to a report in The Wall Street Journal.
So, those of us who are not dumb enough to fall victim to these scams, will have to pay more to use these services for easy, cheap money transfer. Another stupid plan courtesy of the CFPB in the name of “protecting the consumer”, that only serves to make a market driven product that is already highly regulated and safe, more expensive for everyone,
Once again, where is personal responsibility for your own actions.
