On Tuesday, the Consumer Financial Protection Bureau (CFPB) proposed revisions to its international money transfer rule. The revisions "are intended to preserve the rule's new consumer protections while providing federally insured institutions, such as banks and credit unions, with additional time to provide exact disclosures in certain cases" (See our Jan 22, 2012, blog post – "CFPB sets new rules for international money transfers"). If finalized, the proposal would extend a temporary exception in which federally insured financial institutions can estimate third-party fees and exchange rules when providing remittance transfers to their accountholders for which they cannot determine exact amounts. The Dodd-Frank Act originally set the date of July 21, 2015. The proposal would extend the temporary exception by five years to July 21, 2015. For more, read the full news release.