Oriental Bank pays $447,125 for flood insurance violations
Issued by FDIC
A remittance transfer provider is liable for any violation of this subpart by an agent when such agent acts for the provider.
1. General. Remittance transfer providers must comply with the requirements of subpart B, including, but not limited to, providing the disclosures set forth in § 1005.31 and providing any remedies as set forth in § 1005.33, even if an agent or other person performs functions for the remittance transfer provider, and regardless of whether the provider has an agreement with a third party that transfers or otherwise makes funds available to a designated recipient.