December 09, 2022
A New York federal judge on Friday stayed a Consumer Financial Protection Bureau enforcement action against MoneyGram International Inc. while the U.S. Supreme Court decides whether to review the constitutionality of the CFPB's funding structure.
October 27, 2022
Money transfer company MoneyGram International Inc. on Wednesday told a Manhattan federal judge that a recent Fifth Circuit ruling confirms that the Consumer Financial Protection Bureau's enforcement action against the company over an alleged remittance rule violation can't go forward because the agency's rules are "void and unenforceable."
August 05, 2022
MoneyGram is accusing the Consumer Financial Protection Bureau of "naked forum shopping" as it battles a lawsuit from the agency that alleges the money-transfer giant left customers in the lurch by unnecessarily holding up their funds, a claim the company argues is as baseless as it is novel.
May 25, 2022
The Consumer Financial Protection Bureau and New York's attorney general told a Manhattan federal judge Wednesday that MoneyGram International Inc.'s proposed grounds for ditching their remittance practices suit are "meritless," including the company's claim that the CFPB's funding structure is unconstitutional.
May 20, 2022
Cross-border payments company MoneyGram on Friday hinted it will fight a Consumer Financial Protection Bureau complaint in part by arguing the CFPB's funding structure is unconstitutional, and said it wants its arguments heard in Texas federal court.
April 21, 2022
The Consumer Financial Protection Bureau and New York's attorney general are going after one of the nation's largest providers of international money transfers, or remittances, suing MoneyGram International Inc. on Thursday over alleged compliance failures that they say persisted despite warnings.