US CFPB asks to exit Biden-era case against MoneyGram

Reuters

Tue, Apr 8, 2025, 8:02 AM 1 min read

(Reuters) - The apical U.S. watchdog for user concern has asked a national tribunal to retreat from the agency's ain 2022 lawsuit against MoneyGram, leaving the New York lawyer wide arsenic the sole plaintiff, according to tribunal papers.

Under then-President Joe Biden, the bureau had joined New York successful accusing the currency transportation institution of repeatedly and unfairly violating a national regularisation designed to marque it easier for radical to nonstop wealth to friends and household extracurricular the United States.

In a question filed connected Monday, the Consumer Financial Protection Bureau, which has retreated from pending enforcement cases amid Trump medication efforts to dismantle the agency, said it could not question a dismissal due to the fact that New York officials were besides suing.

Representatives for the CFPB, the New York lawyer general's bureau and MoneyGram did not instantly respond to requests for comment.

The lawsuit had faced lengthy delays portion ineligible challenges to the constitutionality of the CFPB's backing operation worked their mode done the courts, arguments the U.S. Supreme Court yet rejected past year.

The CFPB has present dismissed astatine slightest 9 of the 2 twelve enforcement cases that were pending erstwhile the Trump medication took power successful February portion national judges person paused astatine slightest 7 more. Cases concerning Experian and Comerica Bank continue.

(Reporting by Douglas Gillison; Editing by Bill Berkrot)