Green Dot files to purchase Walmart Moneycard portfolio
Based on filings with the Securities & Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (SEC), Green Dot has announced that they are in seeking to purchase from GE Capital Retail the Walmart Moneycard portfolio. This move is seen by many as a means to untangle the current regulatory framework that Green Dot operates under, since they primarily operate as a pre-paid card service and serves as a precursor to Federal Reserve regulations, whereas GE Capital is regulated by the Comptroller of the Currency.
The purchase would transfer the regulatory authority to the Federal reserve and thus cut down on overhead costs for these regulations.
Check the source below for the documents
Based on filings with the Securities & Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (SEC), Green Dot has announced that they are in seeking to purchase from GE Capital Retail the Walmart Moneycard portfolio. This move is seen by many as a means to untangle the current regulatory framework that Green Dot operates under, since they primarily operate as a pre-paid card service and serves as a precursor to Federal Reserve regulations, whereas GE Capital is regulated by the Comptroller of the Currency.
The purchase would transfer the regulatory authority to the Federal reserve and thus cut down on overhead costs for these regulations.
Check the source below for the documents