International Remittance Consumer Protection Act of 2005

H.R. 928, the International Remittance Consumer Protection Act of 2005, aims to increase transparency and lower costs for individuals sending money to family or businesses in foreign countries. The bill would require money transfer providers to provide clear, written disclosures regarding exchange rates and fees in both English and the primary language used at the storefront. Additionally, it establishes legal protections for consumers to resolve errors and expands the ability of federal credit unions to offer low-cost transfer services and check cashing to their members.