CFPB Drops Remittance Lawsuit against Money Transfer Provider
By EsqSocial Corporation 14/04/25
On April 8, a federal court granted the CFPB’s motion to withdraw from its joint enforcement action against a global money transmitter. The lawsuit, originally filed in April 2022 in partnership with the New York Attorney General, alleged violations of the Electronic Fund Transfer Act (EFTA), including the Remittance Rule under its implementing Regulation E....
By: Sheppard Mullin Richter & Hampton LLP