MoneyGram is sued by U.S., New York regulators over remittance transfers

MoneyGram International

21/04/2022 16:12

NEW YORK, April 21 (Reuters) - MoneyGram International Inc
 MGI.O  was sued on Thursday by the U.S. Consumer Financial
Protection Bureau and New York Attorney General Letitia James
for violating a federal rule designed to make remittance
transfers more transparent and less risky.
    In a complaint filed in Manhattan federal court, the CFPB
and James said MoneyGram has repeatedly given senders inaccurate
information about when remittance transfers would be available
to recipients abroad, and repeatedly failed to properly address
customer complaints.
    

 (Reporting by Jonathan Stempel in New York)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))