$WU

New York City Mayor Zohran Mamdani is advocating for state financial regulators to halt Western Union's proposed $500 million acquisition of Intermex. Mamdani argues the merger could lead to increased remittance fees, negatively impacting immigrant families who rely on these services to send money abroad. The debate highlights broader discussions around antitrust enforcement and corporate consolidation, with Western Union defending the deal as a way to preserve affordable access and competition.