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Newspaper
Tucson Citizen
Location
Tucson, Arizona, United States of America
Date
Oct 31, 1977
Page
2
A Tucson reader reports city codes found in a nightclub parking lot leading to a court-ordered action. The clerk notes the owner arraigned and given 30 days to comply with city codes. Action Please! aids consumers, seeks concrete results.
The Universal Money Order Co bankruptcy leaves 132000 California holders, mostly low income, with orders worth about 10.5 million unpaid. States including Ohio, Pennsylvania, Colorado and New York face similar delays in repayment as authorities review the largely unregulated money order industry and lack of federal protection.
The patchwork of state regulations covers only 38 states and Puerto Rico. Many firms operate without licensing or registration, letting anyone enter the business. Large failures trigger long court battles and slow refunds for the least able to wait.
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