FTC

FTC Decides to Distribute $115 Million Compensation to MoneyGram Victims

On Friday (Feb. 10), the FTC announced its plans to reimburse consumers for over $115 million due to MoneyGram’s breach of a 2009 settlement and 2012 agreement with the Department of Justice, which they vowed to protect customers from scammers that utilized their payment system. This action was taken following an investigation by both the FTC and DOJ into Moneygram’s failure on this front. FTC MoneyGram Was Aware of Persistent…