CohnReznick Team Chosen as C-Band Clearinghouse
The CohnReznick team was chosen to be C-band relocation payment clearinghouse. The FCC Wireless Bureau said in an order Thursday that partnering with a financial institution is a must for a clearinghouse team, but that institution doesn't have to be…
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a signer to the clearinghouse agreement. The lack of a financial signatory had been a chief criticism by the Vertix Consulting team, who also sought the clearinghouse appointment (see 2008190045). The bureau said CohnReznick's description of how it would ensure clearinghouse funds' safety and security is consistent with the terms of the C-band clearing order and the clearinghouse request for proposals. Vertix didn't comment.