On April 7, U.S. SDNY received a consent motion from the CFPB to withdraw as a plaintiff in a case against a money remittance provider company. The CFPB, which initially joined the New York attorney general in the lawsuit, sought to drop its participation in the legal proceedings. The motion stated the defendants consented to the withdrawal. The case will continue with the State of New York as the sole plaintiff. As previously covered by InfoBytes, NYDFS first fined the company $8.25 million for allegedly violating AML requirements and New York State law in 2022. The CFPB and the New York attorney general then sued the remittance provider one month later (covered here).
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