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Stock Market & Financial Investment News

News Breaks
April 17, 2014
09:00 EDTWUWestern Union falls 5.5%
Western Union is down 5.5%, or 89c, to $15.16
News For WU From The Last 14 Days
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July 28, 2015
13:49 EDTWUWestern Union, CFPB in settlement pact regarding Paymap
On July 28, Paymap, a subsidiary of The Western Union Company, and the Consumer Financial Protection Bureau reached a settlement agreement regarding Paymapís marketing of its Equity Accelerator service. Under the terms of the agreement, Paymap will pay approximately $33.4M in restitution to impacted consumers who enrolled in Paymapís Equity Accelerator service between July 2011 and July 2015. In addition, Paymap has agreed to pay $5M in civil money penalties. The CFPB previously claimed that certain aspects of the marketing of Paymapís Equity Accelerator service violated the Consumer Financial Protection Actís prohibition against unfair, deceptive, and abusive acts and practices. Paymap agreed to resolve the matter without admitting or denying the CFPBís allegations. The Company expects to record a non-recurring pre-tax charge of $35.3M in its second quarter earnings. The Company had partially reserved for this matter in previous periods.
July 27, 2015
08:35 EDTWUWestern Union activates money transfers into Greece
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July 22, 2015
08:32 EDTWUWestern Union, Kroger extend more than 30-year relationship
Western Union (WU) announced the extension of its more than 30-year relationship with The Kroger Co. (KR). This agreement gives customers the ability to send and receive Western Union Money Transfer transactions across the United States or across the globe to more than 200 countries and territories, in minutes. In addition, Customers can purchase money orders and pay their bills at more than 2,300 Kroger Family of Store locations across 34 states.

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