The United States is the largest sender of remittances in the world. With transactions that span the globe, the U.S. population who send money overseas is largely comprised of working migrants who send money back to their families in their home countries. Whether the destination is India, the Philippines, Mexico, Sri Lanka, Bangladesh, Pakistan or other leading countries in the remittance business, each of those countries is comprised of millions of families being supported by their relatives who migrated and settled in the United States.
All remittance flows from the U.S. are regulated by the Consumer Financial Protection Bureau (CFPB), which is an independent government office that protects consumers who do any sort of financial transaction. This organization controls banks, credit unions, securities firms, debt collectors, lenders and other financial companies that operate in the United States. It also controls transfer remittance companies such as us. In short, the Consumer Financial Protection Bureau (CFPB) makes and monitors rules that ensure the consumer's safety and that assure that the transfers made through financial institutions are authorized.
The Consumer Financial Protection Bureau (CFPB) has put into place a variety of rules that remittance providers have to follow in order to ensure that your money is secure. Earlier this year, the Bureau added new protections to consumers who send remittance transfers to a foreign country. These include the ability to cancel your transfers, the obligation for financial organizations to disclose what they do with your money, and the right to have errors resolved. All remittance transactions conducted through CompareRemit follow these, as well as other, rules set by the CFPB. Since our money transfers sent around the world are overseen by the CFPB, CompareRemit is a brand that can be globally trusted, as we strive to protect your money and guard your security.
Helps remittance users to find the best way to send money abroad to their loved ones, friends and family
Makes it easier & more profitable for businesses to make international payments & global transfer
Creates a marketplace for money transfer providers to reach out to a highly valuable remittance audience
CompareRemit is a really nice app and website, where I am able to compare all the remittance rates with all the competitors. CompareRemit highlights the highest-rate provider on the top of the page which easily helps me decide which one to choose to transfer money for my needs in a short time. I would love to continue using CompareRemit as a steady reference for my money transfer.
CompareRemit service is very essential for anyone who is out of their home country for work., because they all need to send their hardly earned money to their country. For that, there many vendors are available in market but their prices are keep on changing. The best way to know which vendor is offering a good transfer rate and all of their pros and cons, is CompareRemit. A great deal of time and research is involved in the remittance process, but CompareRemit will provide all the necessary services for you.
Naresh Babu Selvarajulu