FTC Staff Issues Advisory Opinion That Information Exchange Program Proposed by United States Money Transmitters Is Unlikely to Harm Competition and May Enhance Consumer Protection Goals

Staff of the Federal Trade Commission’s Bureau of Competition has issued an advisory opinion to The Money Services Round Table (TMSRT) concerning its proposal to establish an information exchange database to collect information from and disseminate information to licensed U.S. money transmitters, regarding terminated U.S. agents. TMSRT is a trade association comprised of six licensed national […]