New York City’s mayor has voiced strong opposition to Western Union’s planned takeover of Intermex, arguing that the deal could significantly raise costs for immigrants seeking to transfer money internationally. This acquisition, if approved, would affect a vital service relied upon by countless families and communities across the globe.
Mayor’s Concerns Over Cost Implications
Mayor Eric Adams expressed his apprehension during a recent press conference, highlighting that the merger could result in higher fees for money transfers. “This acquisition threatens to undermine the financial stability of countless immigrant families who depend on affordable remittance services,” he stated. The mayor’s remarks shed light on a broader issue that disproportionately affects low-income individuals and communities.
Adams underscored that such a move would not only burden immigrants financially but also potentially limit their access to essential services. He called
