This is nonsense. Although I'm not a lawyer... Dwolla is a money transmitter according to most (if not all) state statutes. Its relationship with Veridian does

This is nonsense. Although I'm not a lawyer... Dwolla is a money transmitter according to most (if not all) state statutes. Its relationship with Veridian does not satisfy any statutory requirement necessary for exemption. Veridian itself does not have a charter, and is not a credit union. In my personal opinion, Dwolla has been breaking laws since day one and continues to. Its investors are no different.