NYC Mayor Pushes State to Quash Western Union-Intermex Deal

Last year, Western Union announced plans to purchase money transfer service International Money Express (Intermex). That $500 million deal is now facing pushback from New York City Mayor Zohran Mamdami , who argues the acquisition would put financial pressure on the city’s immigrants, the New York Times (NYT) reported Wednesday (May 13). “Remittances are a crucial lifeline for New Yorkers and their communities abroad,” Mamdani wrote in a letter to the New York State Department of Financial Servi