MoneyGram Refund From $115 Million Settlement— See Who Qualifies

MoneyGram [Photo: Reuters]

The MoneyGram refund comes from a $115 million settlement for the 2018 lawsuit. Learn on to know who’s eligible for the refund!

moneygram refund [Photo: Consider The Consumer]

The MoneyGram refunds are the results of the Justice Division discovering that MoneyGram failed to finish scams following a class-action lawsuit in 2018. The lawsuit claimed that MoneyGram violated earlier orders requiring them to scale back the variety of scammers of their fee system.

Based on burbrink, MoneyGram Refund will compensate victims for the complete quantity of their losses. Roughly 39,000 victims can be a part of the refund and a complete of greater than $115 million can be distributed to them. Nonetheless, MoneyGram stated that the variety of fraud complaints it has acquired has steadily decreased over the previous eight years. In 2022, solely 0.009% of the greater than 100 million cash transfers processed by MoneyGram have been reported as fraudulent.

Learn additionally: Wells Fargo owes every buyer as much as $24,125 to settle unlawful actions

Who is eligible for MoneyGram refund?

Based on MarshalTo qualify for a MoneyGram refund, a declare should be submitted through the open claims course of in 2021. Individuals who despatched MoneyGram cash transfers to the US between January 1, 2013 and December 31, 2017 are additionally eligible. The deadline for submitting the declare has been stored on August 31, 2021.

MoneyGram states that the quantity acquired in MoneyGram refunds is determined by the quantity of funds transferred. Sadly, different bills equivalent to cash switch charges, transfers to different corporations, and incidental losses is not going to be included within the MoneyGram refund.

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