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Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!

 
Anonymous Coward
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United States
10/16/2013 02:27 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
BS all BS
 Quoting: Anonymous Coward 13926736


did you see the letter someone scanned?

it's NOT bs

this is very VERY serious

this means CURRENCY CONTROLS

THEY ARE PLANNING FOR A CONTROLLED COLLAPSE!

how are we supposed to do business with the world if we can't send international wires?

MUCH of my business depends on the ability to pay people internationally via wire transfer!

not GLP but my REAL businesses

I'll get more info in the morning

I have some pretty high level banking contacts
 Quoting: Ghetto Monk


You know that asshole Ron Paul warned about capital controls. But that ole fogie was just an asshole right?
Anonymous Coward
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Mexico
10/16/2013 02:27 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
So no wires from a SAVINGS account. Big deal.. not.

What business wires money from a savings account. I see nothing about all this that would affect businesses. They may be thieving bastards but they are not stupid thieving bastards. Stopping normal international wires would be a sure way to bring a total collapse.

Anyway anyone who wants to take large sums of money out of the states is not going to wire it anyway unless they are stupid.

Just buy gold coins in dollar denominated amounts. When you leave if anyone asks you have the face value of the coins in your possession. Does not matter the actual value, its face value is what you have to declare. I know a guy who left the country with $250K in his pocket, and did it multiple times with no problem.
 Quoting: Anonymous Coward 48435441


You can not take 250K in cash through an airport, bills have tracking devices on them and airports have equipment that actually counts your cash as you go through gate. I know because I used to work as an LEO HIA. Anything over 10K you are getting stop.
 Quoting: Jer 3:33


Oh wow! great way to do drug biz,,,, not much else...
Anonymous Coward
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10/16/2013 02:29 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
BS all BS
 Quoting: Anonymous Coward 13926736


did you see the letter someone scanned?

it's NOT bs

this is very VERY serious

this means CURRENCY CONTROLS

THEY ARE PLANNING FOR A CONTROLLED COLLAPSE!

how are we supposed to do business with the world if we can't send international wires?

MUCH of my business depends on the ability to pay people internationally via wire transfer!

not GLP but my REAL businesses

I'll get more info in the morning

I have some pretty high level banking contacts
 Quoting: Ghetto Monk


You know that asshole Ron Paul warned about capital controls. But that ole fogie was just an asshole right?
 Quoting: Anonymous Coward 39151440


If I remember correctly a whole lot of mods called the dude an asshole. If you would like that crow on something other than a paper plate let us know.
Hypertiger

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10/16/2013 02:32 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
it will be a collapse back...2005...was where the resources ran out.

it took until 2008...for the visible effects to finally manifest with the controlled demo of Lehman brothers.

Dick Fuld...The CEO of Lehman was on the board of directors of the federal reserve bank of new York just before the bankruptcy.

The Federal reserve bank of New York is the central bank of the USA that all the rest of the banks in the Federal reserve system are branches of.

the ultimate insider...

[link to www.newyorkfed.org]

hes supposedly mystified as to what happened...

Lehman was loaded up with all the sins...and sunk...and everyone was told that was the cause...of the following effects.

All his buddies sold the USA into the ground...

[link to www.youtube.com]

Last Edited by Hypertiger on 10/16/2013 02:36 AM
Devoted Follower
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10/16/2013 02:34 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
bump to monitor...
Buck Zander

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Canada
10/16/2013 02:35 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
I reported a few months ago that daily/weekly cash withdrawal limits were being slashed here; a few weeks ago another Canadian GLP'er posted same. Looks like clawback round two just started. Weekly (poss. daily too) cash withdrawal limits being slashed again. Spent a couple of hours sorting stuff out with bank yesterday, didn't want to post anything yet. Now I see this, makes perfect sense. I keep saying... Canada, you're in for one hell of an awakening.

Last Edited by Buck Zander on 10/16/2013 02:35 AM
There must be a law that people can't lie.
Ostria1

User ID: 48397745
Greece
10/16/2013 02:37 AM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
So, how this hasnt hit the news yet?
I search twitter and i can find nothing
 Quoting: Ostria1




They're gonna try to hold off talking about this one for as long as they can...

And when they do, they'll use some confusing wording so most people don't even understand... until push comes to shove and the implications of this are undeniable and start having a broader affect.
 Quoting: Mister Obvious


could be.. we will find out soon i m afraid
Ostria
2012Portal
2012Portal - The Mayan Calendar

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Netherlands
10/16/2013 02:43 AM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
We received one today. Have a look for yourself.

[link to i43.tinypic.com]
 Quoting: RoosterMorgan


Do they not offer you a way to make International Wire Transfers?
No options what so ever?

Did anyone call them?

This just seems unlikely on one hand, to incredibly doomy on the other!
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward
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United States
10/16/2013 02:49 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


I really REALLY hate to piss on the doom here but there's nothing in there about NOT allowing transfers.

Just that there should be more disclosures about fees/taxes on the receiving end.
Anonymous Coward
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United States
10/16/2013 02:50 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
It's obviously time to get significant 'cash' holdings OUT of any dollar-denominated paper or digital 'contracts'.

Bullion, people ... physical, hold-in-your-hand bullion.

Did I mention ... BULLION?

Money ... not currency.
Anonymous Coward
User ID: 40931996
Malaysia
10/16/2013 02:53 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
John Stadtmiller, on Republic Broadcasting Network's "The National Intel Report", read a banking-related letter, whilst on-air, on yesterday's show.

If you're a business customer and currently make international wire transfers (or think you might want or need to make them in the future), you might want to contact your bank and check to see if your bank is planning to make any similar changes which will, or may, affect you.

The letter contained the following:

***********
"We're making changes to your account.

Dear Business Customer.

Starting November 17th of this year you will no longer be able to send international wire transfers.

You will still be able to send domestic wires and receive both domestic and international wires.

We'll cancel any international wire transfers, including reoccurring ones you schedule to be sent after this date.

Your cash activity limit for these amounts will be **K USD per statement cycle, per account.

Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at any branches including purchases of money orders and ATMS.

These changes will help us more effectively manage the risk involved in these types of transactions.

You're receiving this based on the activity of your checking accounts.

Based on the activity at the time these changes will not likely affect the way you bank.

If you have business savings accounts, you'll see a message on your statement that you can't send domestic or international wire transfers from savings accounts starting November 17th."

***********

As John mentioned, you could be forgiven for wondering whether such measures are being implemented with "bail-ins" in mind, and / or "locking-down" money movement of certain types.

Heads-up!

:)

[link to tinypic.com]
 Quoting: eissco




There is only 1 reason that I see, of why US banks no longer allows international wire tranfers starting Nov 1. And the only reason I could think about, is because the dollar will no longer be accepted OUTSIDE of the US on that date. This means, the effect would have to start BEFORE Nov 1st. That means starting tomorrow onwards (Oct 17th), things would start to get bumpy. This is NOT a good news at all. Not good.
Anonymous Coward
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10/16/2013 02:53 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
I guess Ron Paul is an asshole anyway. LOL
Anonymous Coward
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United States
10/16/2013 02:53 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


I really REALLY hate to piss on the doom here but there's nothing in there about NOT allowing transfers.

Just that there should be more disclosures about fees/taxes on the receiving end.
 Quoting: Beltway Bandit


Someone posted their letter on page 1. It is printed in bold that the bank will no longer send international wire transfers.
Anonymous Coward
User ID: 1554827
United States
10/16/2013 02:54 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


I really REALLY hate to piss on the doom here but there's nothing in there about NOT allowing transfers.

Just that there should be more disclosures about fees/taxes on the receiving end.
 Quoting: Beltway Bandit


"Disclosures", my ass. All the easier to tax, withold and/or confiscate.

Are you the last person still breathing with an ounce of trust in the international banking system?
2012Portal
2012Portal - The Mayan Calendar

User ID: 15022013
Netherlands
10/16/2013 02:54 AM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


Wow, who has the time to read all of that! No wonder we are in this mess. Page 8 though, holds the basics of what it is all about, I believe - I think this is different or not directly related to the Chase letter's others got though...

This is a common issue with international payments and a true pain, for you often lose money owed to you because of fees and this' and that's -



As noted above, the EFTA, as amended by the Dodd-Frank Act, requires the disclosure of the amount to be received by the designated recipient. Because fees imposed and taxes collected on a remittance transfer by persons other than the remittance transfer provider can affect the amount received by the designated recipient, the 2012 Final Rule’s provisions require that providers take such fees and taxes into account when calculating the disclosure of the amount to be received under § 1005.31(b)(1)(vii), and that such fees and taxes be disclosed under § 1005.31(b)(1)(vi). Comment 31(b)(1)-ii to the 2012 Final Rule explains that a provider must disclose any fees and taxes imposed on the remittance transfer by a person other than the provider that specifically relate to the remittance transfer, including fees charged by a recipient institution or agent. Foreign taxes that must be disclosed include regional, provincial, state, or other local taxes, as well as taxes imposed by a country’s central government.



Then again, it may be related, for it appears to all go live, with great discussion, as is stated on page 123 from that PDF you linked to:


"The Bureau is adopting an effective date of October 28, 2013."



So why oh why, this letter OP and others got from Chase about November 17th?

"November" was not that PDF at all.
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward
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United States
10/16/2013 02:55 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Capital controls is pretty much the end game. I really hoped it would not come to this. But here we are.
Anonymous Coward
User ID: 45768177
United States
10/16/2013 02:57 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


I really REALLY hate to piss on the doom here but there's nothing in there about NOT allowing transfers.

Just that there should be more disclosures about fees/taxes on the receiving end.
 Quoting: Beltway Bandit


"Disclosures", my ass. All the easier to tax, withold and/or confiscate.

Are you the last person still breathing with an ounce of trust in the international banking system?
 Quoting: Anonymous Coward 1554827


I trust them enough to know they sure as hell aren't going to TELL YOU when they're about to steal what little you have left.
Anonymous Coward
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United States
10/16/2013 02:57 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Bottom line is, there isnt much anybody can do about it if thats the scoop.
Anonymous Coward
User ID: 48436458
China
10/16/2013 02:57 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
All gold belong to China now. No need to send money outside US when only place needed to send money is from China.
2012Portal
2012Portal - The Mayan Calendar

User ID: 15022013
Netherlands
10/16/2013 03:01 AM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
All gold belong to China now. No need to send money outside US when only place needed to send money is from China.
 Quoting: Anonymous Coward 48436458


ohno
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward
User ID: 48315716
United States
10/16/2013 03:03 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


I really REALLY hate to piss on the doom here but there's nothing in there about NOT allowing transfers.

Just that there should be more disclosures about fees/taxes on the receiving end.
 Quoting: Beltway Bandit


that's not a link to the full rule

just an amendment..

somewhere there are "special provisions" which means emergency provisions or something that govern international wire transfers and they are saying that those are kicking in..

but they don't clearly say what those are..
 Quoting: Ghetto Monk


Patriot Act?
Anonymous Coward
User ID: 1554827
United States
10/16/2013 03:07 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


I really REALLY hate to piss on the doom here but there's nothing in there about NOT allowing transfers.

Just that there should be more disclosures about fees/taxes on the receiving end.
 Quoting: Beltway Bandit


"Disclosures", my ass. All the easier to tax, withold and/or confiscate.

Are you the last person still breathing with an ounce of trust in the international banking system?
 Quoting: Anonymous Coward 1554827


I trust them enough to know they sure as hell aren't going to TELL YOU when they're about to steal what little you have left.
 Quoting: Beltway Bandit


Unless you're a banking insider, 'trust' is the wrong description for your gut-feeling. If you are, then 'foreknowledge' would be a better description.

Regardless, for those with a dog in the fight, constant monitoring of their ongoing and escalating criminal activities via unilateral 'small-print' modification of your T&C agreements had better be high on your list of priorities.

These scum are lower than snake shit.
Anonymous Coward
User ID: 45768177
United States
10/16/2013 03:07 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


I really REALLY hate to piss on the doom here but there's nothing in there about NOT allowing transfers.

Just that there should be more disclosures about fees/taxes on the receiving end.
 Quoting: Beltway Bandit


that's not a link to the full rule

just an amendment..

somewhere there are "special provisions" which means emergency provisions or something that govern international wire transfers and they are saying that those are kicking in..

but they don't clearly say what those are..
 Quoting: Ghetto Monk


Correct. And the amendment goes into effect on October 28 (it was supposed to be February, you didn't get anything until NOW?).

Here is the rabbit hole you're looking for: [link to www.federalreserve.gov]

There's also this: [link to www.philadelphiafed.org]

Of course, consider the source.
2012Portal
2012Portal - The Mayan Calendar

User ID: 15022013
Netherlands
10/16/2013 03:09 AM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


Wow, who has the time to read all of that! No wonder we are in this mess. Page 8 though, holds the basics of what it is all about, I believe - I think this is different or not directly related to the Chase letter's others got though...

This is a common issue with international payments and a true pain, for you often lose money owed to you because of fees and this' and that's -



As noted above, the EFTA, as amended by the Dodd-Frank Act, requires the disclosure of the amount to be received by the designated recipient. Because fees imposed and taxes collected on a remittance transfer by persons other than the remittance transfer provider can affect the amount received by the designated recipient, the 2012 Final Rule’s provisions require that providers take such fees and taxes into account when calculating the disclosure of the amount to be received under § 1005.31(b)(1)(vii), and that such fees and taxes be disclosed under § 1005.31(b)(1)(vi). Comment 31(b)(1)-ii to the 2012 Final Rule explains that a provider must disclose any fees and taxes imposed on the remittance transfer by a person other than the provider that specifically relate to the remittance transfer, including fees charged by a recipient institution or agent. Foreign taxes that must be disclosed include regional, provincial, state, or other local taxes, as well as taxes imposed by a country’s central government.



Then again, it may be related, for it appears to all go live, with great discussion, as is stated on page 123 from that PDF you linked to:


"The Bureau is adopting an effective date of October 28, 2013."



So why oh why, this letter OP and others got from Chase about November 17th?

"November" was not that PDF at all.
 Quoting: 2012Portal


[link to en.wikipedia.org]

[link to www.fdic.gov]

[link to www.federalregister.gov (secure)]
 Quoting: Ghetto Monk


This link is really interesting -
[link to www.federalregister.gov (secure)]

This has to do with electronic transfers in the US in general, for consumers and business' alike. No time to dig into it now, but a lot of changes. That was the slogan right, 'change'?
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Judethz
Israel is Eternal

User ID: 47012985
United Kingdom
10/16/2013 03:11 AM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
They do not want people moving money to offshore accounts, so if you have an offshore bank account, you better move your money now, is how I read that.

Not that it will make a big change in my lifestyle.
 Quoting: waterlily


skidrowkitty Wake up. If you drive a foreign made car then how are the parts dealers going to pay for the parts that are manufactured overseas.
Anonymous Coward
User ID: 45768177
United States
10/16/2013 03:13 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Got this from my bank..


Effective October 28, 2013, special provisions of CFPB Regulation E govern certain outgoing electronic international transactions initiated by consumers that are defined as “remittance transfers.”

Some shit is going down guys..

What are these "special provisions of CFPB Regulation E" that are going into effect?

My bank doesn't tell me!

Here is the rule they are talking about:
[link to files.consumerfinance.gov]

we should look into that shit..
 Quoting: Ghetto Monk


Wow, who has the time to read all of that! No wonder we are in this mess. Page 8 though, holds the basics of what it is all about, I believe - I think this is different or not directly related to the Chase letter's others got though...

This is a common issue with international payments and a true pain, for you often lose money owed to you because of fees and this' and that's -



As noted above, the EFTA, as amended by the Dodd-Frank Act, requires the disclosure of the amount to be received by the designated recipient. Because fees imposed and taxes collected on a remittance transfer by persons other than the remittance transfer provider can affect the amount received by the designated recipient, the 2012 Final Rule’s provisions require that providers take such fees and taxes into account when calculating the disclosure of the amount to be received under § 1005.31(b)(1)(vii), and that such fees and taxes be disclosed under § 1005.31(b)(1)(vi). Comment 31(b)(1)-ii to the 2012 Final Rule explains that a provider must disclose any fees and taxes imposed on the remittance transfer by a person other than the provider that specifically relate to the remittance transfer, including fees charged by a recipient institution or agent. Foreign taxes that must be disclosed include regional, provincial, state, or other local taxes, as well as taxes imposed by a country’s central government.



Then again, it may be related, for it appears to all go live, with great discussion, as is stated on page 123 from that PDF you linked to:


"The Bureau is adopting an effective date of October 28, 2013."



So why oh why, this letter OP and others got from Chase about November 17th?

"November" was not that PDF at all.
 Quoting: 2012Portal


[link to en.wikipedia.org]

[link to www.fdic.gov]

[link to www.federalregister.gov (secure)]
 Quoting: Ghetto Monk


This link is really interesting -
[link to www.federalregister.gov (secure)]

This has to do with electronic transfers in the US in general, for consumers and business' alike. No time to dig into it now, but a lot of changes. That was the slogan right, 'change'?
 Quoting: 2012Portal


You can thank Dodd Frank. Do you have ANY idea how tedious and "hopey changey" that bullshit is? Accountants and lawyers will be in a job for DECADES trying to make sense of that shit. Reg E is NOTHING!
Dace
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10/16/2013 03:15 AM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
I have a local hometown bank...'Legend Bank'....don't know who backs them..

anyways...I routinely buy books from overseas and have never had a problem until about three weeks ago.

I paid for a book from the UK via debit/credit card....like I usually do 2-3 times a month and the next day I woke up to 5 missed calls and three different voicemails saying my account was locked until I came in.

They told me when I came in that the Gov said no more international debit/credit transactions, even to friendly countries...that they could only do a direct bank transfer and that just my ebay UK book purchase had flagged me in the system.
"Two days ago I saw a vehicle that would haul that tanker. You wanna get outta here?.....Talk to me."
RoosterMorgan

User ID: 40912250
United States
10/16/2013 03:22 AM

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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
We received one today. Have a look for yourself.

[link to i43.tinypic.com]
 Quoting: RoosterMorgan


Do they not offer you a way to make International Wire Transfers?
No options what so ever?

Did anyone call them?

This just seems unlikely on one hand, to incredibly doomy on the other!
 Quoting: 2012Portal


Haven't had a chance yet as it arrived today, and I didn't get it until after banking hours. I'm planning on calling in the morning. We also do legitimate international wire transfers and if true, will effect us in a real way. You literally know as much as I do. I will post when I get more details from the bank.
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10/16/2013 03:24 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
Thread: November is the deadline...

November 17 dream is posted there
EscapeVelocity

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10/16/2013 03:24 AM
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Re: Attention US Business Banking Customers - No International Wire Transfers After November 17th. Cash Withdrawal Restrictions Starting!
I have a local hometown bank...'Legend Bank'....don't know who backs them..

anyways...I routinely buy books from overseas and have never had a problem until about three weeks ago.

I paid for a book from the UK via debit/credit card....like I usually do 2-3 times a month and the next day I woke up to 5 missed calls and three different voicemails saying my account was locked until I came in.

They told me when I came in that the Gov said no more international debit/credit transactions, even to friendly countries...that they could only do a direct bank transfer and that just my ebay UK book purchase had flagged me in the system.
 Quoting: Dace


Funny you should say that..

A few hours ago I tried to purchase a API Plugin from a vendor I use, the licence was only $50.00 and I have much more than that in the acct.

So I get the cart ready and pay with paypal.. declined
Then I use their own merchant account.. declined
So I finally try the direct bank transfer available in payPal.

It worked...

I thought that was VERY strange, after reading your post, I went at looked at the vendor's location..

Melbourne, Australia.

This was just a few hours ago, can somebody else try to make a small purchase out of the country.. can be anything, even a book or pencil.. just be sure it is definitely out of the country and see if it is held up.

Last Edited by EscapeVelocity on 10/16/2013 03:24 AM
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