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Walmart has agreed to pay $10 million to settle an FTC lawsuit alleging the retailer ignored fraud in its money transfer services. The complaint claims Walmart failed to protect consumers from scams between 2013 and 2018. The settlement still requires court approval.
- Walmart allegedly ignored fraud in money transfers, costing consumers hundreds of millions.
- The settlement prohibits Walmart from aiding fraud-induced transfers or deceptive telemarketers.
- The FTC accused Walmart of inadequate fraud prevention and employee training.
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