Financial Crime Financial Crime

Remittance giant MoneyGram sued by US, NY for repeated consumer-protection violations

By Neil Roland
  • 21 Apr 2022 16:17
  • 21 Apr 2022 16:33
MoneyGram, one of the largest US-based remittance providers, was sued by US and New York consumer watchdogs for allegedly failing to deliver funds promptly from immigrants to their families back home, accurately tell customers when transfers would be made, and refund consumers for delayed transfers.

The publicly traded Dallas-based company, which had

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