The two largest money transmission companies have been sued in California on claims of false advertising and charging hidden fees to consumers.

The complaints were filed this month in federal court in Los Angeles against Western Union Financial Services Inc., a First Data Corp. subsidiary, and First Data spinoff Moneygram Payment Systems Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.