This Circular provides the regulatory framework for the electronic money business, promotes innovations in fund transfer mechanisms, and paves the way for competitive growth in the industry. To build on this clear framework for electronic money facility, we are reviewing regulations for third party agent networks to ensure the success, efficacy, safety, and soundness of the system.
Almost no community in America has escaped the effects of the economic downturn, but many low- and moderate-income communities were hit especially hard, including a large number in and around our host city of Cleveland.