Skip to main content

FTC prepares to send out $125 million in refunds to people who got scammed

If you used MoneyGram to send money to someone who turned out to be a scammer, you could get some of that money back.

The Federal Trade Commission and the Department of Justice said MoneyGram’s anti-money laundering and anti-fraud programs experienced significant weaknesses — which caused a substantial rise in consumer fraud transactions.

If you used the service to send money between Jan. 1, 2013 and Dec. 31, 2017, and it went to a scammer, you could be eligible to file a claim for a refund.

After a 2018 settlement, the FTC is distributing $125 million.

You don’t have to be a U.S. citizen or be in the U.S. to file a claim. You don’t need to pay anything to file a claim, and you don’t need a lawyer.

But you do have to file by the end of this August.

More information is available online.

Credit cards vs. debit cards: What should I use?

You've probably heard the question a million times: "Debit or credit?" But have you ever asked yourself which one is best? Knowing the difference between debit and credit cards will help you decide which option makes the most sense. Read on to find out when using a credit card is best and when a debit card is the better option.
Read Next Story