MEDIUMVulnerability
Global

NYC Mayor Mamdani calls on regulator to block Western Union takeover of rival

·Source: Finextra

Updated:

Executive Summary

New York City Mayor Zohran Mamdani has asked regulators to block Western Union's proposed acquisition of Intermex, arguing that the money transfer giant wants to buy its rival to "jack up remittance fees".

Analysis

New York City Mayor Zohran Mamdani has asked regulators to block Western Union's proposed acquisition of Intermex, arguing that the money transfer giant wants to buy its rival to "jack up remittance fees".
Source Attribution

Originally published by Finextra on May 14, 2026.

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