If You Thought You Could Trust MoneyGram, Read This

Trustee Loss Mitigation Headquarters Raises Concerns

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James today announced they are filing a lawsuit against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc. (MoneyGram)—one of the largest remittance providers in the U.S.—for systemically and repeatedly violating various consumer financial protection laws and leaving families high and dry. The lawsuit … Read more

MoneyGram Apparently Just Likes to Screw Customers Over Again and Again

MoneyGram International, Inc. has agreed to pay $125 million to settle allegations that the company failed to take steps required under a 2009 Federal Trade Commission order to crack down on fraudulent money transfers that cost U.S. consumers millions of dollars. The $125 million payment is part of a global settlement that resolves allegations that … Read more

FTC Reminds Debt Relief Companies to Avoid These Payment Methods

The Federal Trade Commission wants businesses to know about important Telemarketing Sales Rule (TSR) amendments that are now in effect. These changes make it unlawful for telemarketers to use three types of payment methods exploited by con artists and scammers. As of this month, it is illegal for telemarketers to ask consumers to pay for … Read more

MoneyGram Admits It Aided in Money Laundering

WASHINGTON – MoneyGram International Inc. – a global money services business headquartered in Dallas – has agreed to forfeit $100 million and enter into a deferred prosecution agreement (DPA) with the Justice Department in which it admits to criminally aiding and abetting wire fraud and failing to maintain an effective anti-money laundering program, as charged … Read more

Does the Car Lender Have a Right to Reposes My Car After I Made a Payment Through MoneyGram? – Abby

“Dear Steve, I have been known to be late on car payments, but I do always make them, I made my payment this am, through an automatic moneygram deal, and they repossessed my car that day. Did they have legal right to take it, after accepting my payment? and what do the fees to “redeem” … Read more

Western Union And MoneyGram Employees Now Have The Power To “Just Say No”

With wire fraud increasing money-transferring companies Western Union and MoneyGram are now giving their employees the right to reject transaction if they suspect customers are being scammed. Western Union instructs employees to look for people excited about a sudden windfall elderly citizens repeatedly transferring funds. Many are getting scammed right now because times are tough … Read more