About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

Ezra Levine 1 (October 24, 1997)

handle is hein.nccusl/nccpub01146 and id is 1 raw text is: October 24, 1997 STATEMENT OF EZRA C. LEVINE ON BEHALF OF THE NON-BANK FUNDS TRANSMITTERS GROUP I. The Non-Bank Funds Transmitters Group Represents the National Check Sellers and Money Transmitters The Non-Bank Funds Transmitters Group has been in existence for over ten years and is composed of the leading non-bank funds transmitters in the United States including: Western Union Financial Services, Inc., MoneyGram Payment Systems, Inc., Travelers Express Company, Inc., Comdata Network, Inc., Thomas Cook, Inc., Citicorp Services, Inc., and American Express Travel Related Services Company, Inc. These companies provide funds transmissions, sales of travelers checks, money orders and foreign denominated drafts, etc. As more Americans become unbanked, these services become increasingly important to a growing segment of the population. The Group and its members have participated actively over the years in state efforts to enact effective safety and soundness legislation, including the Money Transmitter Regulators Association's program to develop a model legislation outline, as well as state and federal efforts to combat money laundering. On behalf of the Group, we look forward to working with the Drafting Committee and providing the benefit of our experiences as the principal regulated entities. What follows are comments responsive to the Committee's initial concerns.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most