Money

A manager of a financial services store in Ballwin, Missouri, counts cash being paid to a client as part of a loan on Aug. 9, 2018. The nation’s federal financial watchdog has announced its plans to roll back most of its consumer protections governing the payday lending industry. It’s the Consumer Financial Protection Bureau’s first rollback of regulations under its new director, Kathy Kraninger, who took over the bureau late last year.

AP Photo/Sid Hastings

CHEYENNE – Wyoming State Treasurer Curt Meier announced Tuesday that more than $6.8 million worth of unclaimed property was returned to businesses, residents and former Wyoming residents during the fiscal year, which ended Sunday.

“One of our jobs in the treasurer’s office is to reunite citizens with their lost money,” Meier said in a news release. “The folks in the Unclaimed Property Division focus on this mission year-round, and the continued growth in the amount of money paid out is a result of their hard work.”

Meier said the state received a little more than $8 million in unclaimed property during the past year. Thanks to some software upgrades and procedures implemented during the past administration, the state has been able to return approximately 85% of the money during the past three years.

Property is turned over to the state when a business, agency or governmental entity owes property – typically money or stocks – to someone and for whatever reason, can’t locate the owner for a specified time period.

“We still have more than $85 million in unclaimed property waiting for the rightful owner to step forward and make a claim,” Meier said. “We encourage all citizens to go to our website at mycash.wyo.gov and see if they are entitled to any of these funds.”

To make a valid claim, owners need to provide documentation, as needed, depending on the type of property turned over to the state and the level of information provided about the owner.

Wyoming law requires the state to hold unclaimed property in perpetuity until the rightful owner is able to claim it.

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