MoneyGram settles with New York over money transfers after US CFPB quits case

MoneyGram settles NY AG lawsuit

The money transmitter will pay a $250,000 civil fine to resolve claims it violated consumer laws with its remittances practices.

MoneyGram settles with New York over money transfers after US CFPB quits case

By Jonathan Stempel NEW YORK (Reuters) -MoneyGram agreed to pay a $250,000 fine to settle a New York state lawsuit over its remittance transfers, two months after the U.S. Consumer Financial Protection Bureau withdrew from the civil case. The accord announced on Monday by New York Attorney General Letitia James resolves claims that MoneyGram repeatedly violated a 2013 federal rule designed to make it easier for people to send money to friends an…

AG: Money Transfer Company Must Pay $250K - Long Island Life & Politics

By CaraLynn Caulfield New York Attorney General Letitia James has secured a $250,000 settlement from MoneyGram for violating consumer protection laws by failing to deliver funds on time, delaying refunds, and mishandling customer error claims. [...] The post AG: Money Transfer Company Must Pay $250K appeared first on Long Island Life & Politics.

MoneyGram Settles New York Lawsuit Alleging Slow Money Transfers

MoneyGram will pay a penalty of $250,000 as part of a settlement with the New York State Office of the Attorney General (OAG), resolving a three-year-old lawsuit. [contact-form-7] The OAG and the U.S. Consumer Financial Protection Bureau (CFPB) filed the suit in April 2022, alleging that the international money transfer provider violated state and federal laws by failing to make funds available to its customers on time, quickly resolve …