NEW REMITTANCE STANDARDS SIGNED INTO LAW >>
View Section 1073 >>    Key Provisions >>
		THE FAIR EXCHANGE Appleseed's Fair Exchange project addresses two key problems: inconsistent foreign exchange rates and unpredictable pre-transaction pricing information. Since 2005, three reports have since been released under the Fair Exchange umbrella. These studies identify strong demand for remittance pricing transparency and show that improved disclosures by banks and MSBs would benefit both businesses and consumers. They also introduce a pilot program to increase transparency. See links below.
♦ REPORT: Remittance Transparency: Strengthening Business, Building Community     ♦ APPLESEED TESTIMONY: Subcommittee on Financial Institutions and Consumer Credit     ♦ REPORT: The Fair Exchange: Improving the Market for International Remittances   Executive Summary >>     ♦ REPORT: Creating a Fair Playing Field for Consumers: The Need for Remittance Transparency   Executive Summary >>     ♦ OTHER RESOURCES: Financial Access Brochures