In its lawsuit, the FTC alleged that for years, Walmart failed to properly secure the money transfer services offered at its stores, stealing “hundreds of millions of dollars' from customers.
FILE - The Walmart logo is displayed on a store in Springfield, Ill., May 16, 2011. Walmart filed a motion on Monday, Aug. 29, 2022, to dismiss a lawsuit by the Federal Trade Commission in June that accused the nation's largest retailer of allowing its money transfer services to be used by scam artists, calling it an egregious instance of agency overreach.
In a 41-page document, filed in U.S. District Court for the Northern District of Illinois Eastern Division, Walmart laid out a number of what it called legally flawed claims, including that the agency lacked “constitutionally valid authority to sue for money or injunctive relief.” It said that the FTC is trying to hold Walmart liable for the criminal actions of completely unrelated third-party fraudsters, even as Walmart has embraced a number of steps to stop such scamming.
Walmart stores let shoppers to transfer money using three providers — MoneyGram, Ria Financial Services, and Western Union Co.
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