Wire-transfer rule change

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Americans send tens of billions of U.S. dollars to relatives in other countries every year, and they are about to have better information about just how much it will cost them to make that transaction.

The information is the result of new federal consumer-protection rules for wire transfers, Consumer Financial Protection Bureau says.

Starting Oct. 28, 2013, banks, credit unions and retail wire-transfer companies that consistently provide at least 101 transfers per year will have to tell you the actual or estimated fees (in cases where a transfer is scheduled in advance and future exchange rates aren’t known) and taxes that you pay on a transfer, the exchange rate on the transfer, the date that the money will arrive and how you can report a problem.