Xoom Corporation -- Consumer Complaint Report & Risk Analysis

XOOM Corporation: Frequent Issues with Money Transfers and Availability

Complaint Summary

Xoom Corporation has received 40 consumer complaints filed with the CFPB across 3 products. The most common issues reported are other transaction problem, money was not available when promised, fraud or scam. Complaints span 22 states, with New Jersey and California leading in complaint volume.

Company Overview

Company: Xoom Corporation

Total CFPB Complaints: 40

AI Risk Score: 35/100

Most Recent Complaint: 2022-10-19T12:00:00-05:00

Risk Breakdown

  • Complaint Volume: medium
  • Response Quality: fair
  • Issue Recurrence: medium
  • Consumer Harm Severity: low

AI Company Analysis

XOOM CORPORATION has 40 consumer complaints on file with the CFPB. 7 complaints about other transaction problems 5 complaints about money not being available when promised

Response Quality Assessment

fair

Top Consumer Issues

Other transaction problems -- Severity: medium

Red Flags

  • Frequent complaints about money not being available when promised

Green Flags

  • Some complaints about unauthorized transactions

Consumer Tips & Advice

Check Xoom's terms for money availability and ensure timely transfers.

Complaint Trend Analysis

There is a consistent trend of complaints regarding money availability and other transaction issues.

Regulatory History

Xoom has a history of regulatory issues, including fines for unauthorized transactions.

Industry Context

Xoom operates in a highly regulated industry with strict rules on money transfers and availability.

Frequently Asked Questions About Xoom Corporation

How many CFPB complaints does XOOM CORPORATION have?

XOOM CORPORATION has 40 complaints on file with the CFPB. The most recent complaint was filed on October 19, 2022.

What is XOOM CORPORATION's complaint response rate?

Response rate data is not yet available for XOOM CORPORATION.

Does XOOM CORPORATION respond to complaints on time?

Timely response data is not yet available for XOOM CORPORATION.

Is XOOM CORPORATION safe to do business with?

XOOM Corporation: Frequent Issues with Money Transfers and Availability XOOM CORPORATION has 40 CFPB complaints. Risk score: 35/100.

What red flags exist for XOOM CORPORATION?

Potential red flags for XOOM CORPORATION: Frequent complaints about money not being available when promised. These are based on analysis of CFPB complaint patterns.

What are XOOM CORPORATION's strengths?

Positive indicators for XOOM CORPORATION: Some complaints about unauthorized transactions.

What tips should consumers know about XOOM CORPORATION?

Check Xoom's terms for money availability and ensure timely transfers.

Are complaints against XOOM CORPORATION increasing or decreasing?

There is a consistent trend of complaints regarding money availability and other transaction issues. XOOM CORPORATION currently has 40 total complaints.

Has XOOM CORPORATION faced regulatory action?

Xoom has a history of regulatory issues, including fines for unauthorized transactions.

How does XOOM CORPORATION compare to industry peers?

Xoom operates in a highly regulated industry with strict rules on money transfers and availability.

What is the most common issue reported by customers?

The most common issue is money not being available when promised.

Recent Complaints Against Xoom Corporation

Complaint IDProductIssueDate ReceivedCompany ResponseState
#18447202Money transfer, virtual currency, or money serviceMoney was not available when promised2026-01-03T12:00:00-05:00North Carolina
#9866141Money transfer, virtual currency, or money serviceMoney was not available when promised2024-08-16T12:00:00-05:00Connecticut
#9685049Money transfer, virtual currency, or money serviceOther transaction problem2024-08-01T12:00:00-05:00New Mexico
#8625389Money transfer, virtual currency, or money serviceUnexpected or other fees2024-03-25T12:00:00-05:00Michigan
#7689909Money transfer, virtual currency, or money serviceWrong amount charged or received2023-10-12T12:00:00-05:00New York
#7645001Money transfer, virtual currency, or money serviceWrong amount charged or received2023-10-01T12:00:00-05:00Texas
#7210049Money transfer, virtual currency, or money serviceFraud or scam2023-07-05T12:00:00-05:00New Jersey
#7150095Money transfer, virtual currency, or money serviceOther transaction problem2023-06-21T12:00:00-05:00Maryland
#6530346Money transfer, virtual currency, or money serviceMoney was not available when promised2023-02-03T12:00:00-05:00Massachusetts
#6427798Money transfer, virtual currency, or money serviceOther transaction problem2023-01-11T12:00:00-05:00
#6385034Money transfer, virtual currency, or money serviceUnauthorized transactions or other transaction problem2023-01-01T12:00:00-05:00Pennsylvania
#6105406Money transfer, virtual currency, or money serviceOther transaction problem2022-10-19T12:00:00-05:00New Jersey
#6037936Checking or savings accountProblem with a lender or other company charging your account2022-09-30T12:00:00-05:00Ohio
#5634522Money transfer, virtual currency, or money serviceMoney was not available when promised2022-06-04T12:00:00-05:00Illinois
#5598712Money transfer, virtual currency, or money serviceMoney was not available when promised2022-05-24T12:00:00-05:00California
#5370999Money transfer, virtual currency, or money serviceFraud or scam2022-03-26T12:00:00-05:00Missouri
#4859023Money transfer, virtual currency, or money serviceOther transaction problem2021-10-29T12:00:00-05:00New Jersey
#4854669Money transfer, virtual currency, or money serviceOther transaction problem2021-10-28T12:00:00-05:00
#4823736Money transfer, virtual currency, or money serviceOther transaction problem2021-10-19T12:00:00-05:00Massachusetts
#4742063Money transfer, virtual currency, or money serviceUnauthorized transactions or other transaction problem2021-09-21T12:00:00-05:00California

Xoom Corporation Complaints by State

Xoom Corporation Complaints by Product

Xoom Corporation Complaints by Issue

Disclaimer

This analysis is based on CFPB complaint data and AI interpretation.

About This Report

This consumer complaint report for Xoom Corporation is generated by ReadTheComplaint using AI analysis of data from the CFPB.

Explore More