Consumer complaint received 2022-09-25
Company: WESTERN UNION COMPANY, THE
State: TX
Product: Money transfer, virtual currency, or money service
Sub-product: International money transfer
Issue: Fraud or scam

Complaint:
Western Union, They have helped in the adding of me getting scammed for over XXXX ( XXXX XXXX for the XXXXXXXX XXXX  XXXX  year ). No one in the company has helped me recoup any funds that where taken from me. I have tried over the years to get what was lost and insured over that time and no one has helped me. 

( E ) STANDARD MAXIMUM DEPOSIT INSURANCE AMOUNT DEFINED. -- For purposes of this Act, the term " standard maximum deposit insurance amount '' means {$250000.00}, adjusted as provided under subparagraph ( F ) after XX/XX/XXXX. Notwithstanding any other provision of law, the increase in the standard maximum deposit insurance amount to {$250000.00} shall apply to depositors in any institution for which the Corporation was appointed as receiver or conservator on or after XX/XX/XXXX, and before XX/XX/XXXX. The Corporation shall take such actions as are necessary to carry out the requirements of this section with respect to such depositors, without regard to any time limitations under this Act. In implementing this and the preceding 2 sentences, any payment on a deposit claim made by the Corporation as receiver or conservator to a depositor above the standard maximum deposit insurance amount in effect at the time of the appointment of the Corporation as receiver or conservator shall be deemed to be part of the net amount due to the depositor under subparagraph ( B ).

( 3 ) INSURED STATE DEPOSITORY INSTITUTIONS. -- ( A ) APPOINTMENT BY APPROPRIATE STATE SUPERVISOR. -- Whenever the authority having supervision of any insured State depository institution appoints a conservator or receiver for such institution and tenders appointment to the Corporation, the Corporation may accept such appointment. 
( B ) ADDITIONAL POWERS. -- In addition to the powers conferred and the duties related to the exercise of such powers imposed by State law on any conservator or receiver appointed under the law of such State for an insured State depository institution, the Corporation, as conservator or receiver pursuant to an appointment described in subparagraph ( A ), shall have the powers conferred and the duties imposed by this section on the Corporation as conservator or receiver.

( C ) CORPORATION NOT SUBJECT TO ANY OTHER AGENCY. -- When acting as conservator or receiver pursuant to an appointment described in subparagraph ( A ), the Corporation shall not be subject to the direction or supervision of any other agency or department of the United States or any State in the exercise of its rights, powers, and privileges.

( D ) DEPOSITORY INSTITUTION IN CONSERVATORSHIP SUBJECT TO BANKING AGENCY SUPERVISION. -- Notwithstanding subparagraph ( C ), any insured State depository institution for which the Corporation has been appointed conservator shall remain subject to the supervision of the appropriate State bank or savings association supervisor.

( 4 ) APPOINTMENT OF CORPORATION BY THE CORPORATION. -- Notwithstanding any other provision of Federal law, the law of any State, or the constitution of any State, the Corporation may appoint itself as sole conservator or receiver of any insured State depository institution if--

Company response to consumer: Closed with explanation