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Diane Publishing Books
International Remittances: Information on Products, Costs, and Consumer Disclosures
Yvonne D. Jones (au)
Remittances (RE) are personal funds immigrants send to their home countries. The majority of these RE are sent to Latin Amer. & the Caribbean & they are a very important source of financial flows to many countries. In 2004, the U.S., with other countries, pledged to reduce fees for RE. RE senders in the U.S. can send funds through entities in the formal financial sector such as money transfer operators, banks, & credit unions or other informal means such as couriers. This report provides info. on: the methods of transmission available to RE senders in the formal financial sector & the advantages & disadvantages of each; the costs to send RE through the formal financial sector; & disclosures RE providers typically provide to senders. Illus.
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