On January 22, 2013, the Consumer Financial Protection Bureau (CFPB) issued a final rule to delay the February 7, 2013, effective date of the final remittance transfer rule, which was published by the CFPB on February 7, 2012, and August 20, 2012 (collectively, 2012 Final Rule). The rule amends Regulation E, which implements the Electronic Funds Transfer Act (EFTA). The CFPB is delaying the 2012 Final Rule pending the finalization of a proposal published on December 31, 2012 (December 2012 Proposal), which is narrowly targeted to address the rule’s provisions on (1) disclosure of foreign taxes and institution fees, (2) disclosure of subnational taxes in foreign countries, and (3) errors resulting from incorrect account information. The CFPB will determine the new effective date when it finalizes the December 2012 Proposal.