Morrrson LOS ÀNGELES, Lalo ALTO, I 200061888 S^CRÀMENTO, SAN DIEGO, DENVER, NORTHERN VIRG¡N¡ at TELEPHONE: 202.887
MORRISON E FOÉRSTER LLP 2OOO PEN¡SYLVA}{TA AVE,, N!í to' RsrE R \øASHINGTON,D.c' NE\t YORK, S/.N FRANCISCO, MoRRrsoN LOS ÀNGELES, lALo ALTO, I 200061888 s^CRÀMENTO, SAN DIEGO, DENVER, NORTHERN VIRG¡N¡ At TELEPHONE: 202.887. 1500 \t /tSH¡NGToN, D.C, FACSIMILE: 202 .887.07 63 TOKYO, LONDON, DRUSSELS, BEtJING, SHANGHAI, HONG KONG wwwMOFO.æM Júy22,2011 Via Electronic Delivery Jennifer J. Johnson Secretary Board of Govemors of the Federal Reserve System 20th Street and Constitution Avenue, NW V/ashington, DC 20551 Re: DocketNo. R-1419 and RIN 7100'AD76 Dear Ms. Johnson: the Federal The Money Services Roundtable ("TMSRT') submits these comments on 1073 of the Consumer Reserve Bãard's ('Board") Proposed Rulemaking under Section national Financial protection ect oîzot-0. TMSRT is comprised of the following lnoney Travel Related transmittsrs: RIA Financial Services, SigUe Corporation, American Express MoneyGram services company, western union Financial services, Inc. ("Vy'estern union"), Systems' International (l'MoneyGram"), Travelex Americas,Inc. and lntegrated Payment use of intemet These corporations piovide a'vanety of funds transmission services, including sales outlet agents, kiosks, ATMs, mobile phones, etc' The Proposed Rulemaking Regulation E, which Section 1073 of the Consumer Financial Protection Act of 2010 amends StaffCommentary impi"*"rrt, the Electronic Fund Transfer Act ('EFTA ), and the Ofñcial consumers to itegulation E. In particular, the proposed rule contains new protections fol through the use of who send remittance transfers to consumers or entities in a foreign country disclosures and enor resolution tights. and,their customers To one degree or another, TMSRT',s members, their respective agents would be ãffected by the proposed rule.
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