"Concerns Over Money Transfer Fees: NYC Mayor Warns of Potential Price Hike for Immigrants. New York City's mayor has sounded the alarm on a proposed acquisition that could have far-reaching consequences for the city's immigrant community. The mayor claims that the company's takeover of Intermex, a leading money transfer service, could lead to increased fees for immigrants sending money back to their families abroad. This move has sparked fears that low-income families will be disproportionately affected, struggling to make ends meet due to the added financial burden. As the deal moves forward, city officials are urging regulators to consider the potential impact on vulnerable communities."
New York City’s mayor said the company’s proposed acquisition of Intermex could make it costlier for immigrants to send money abroad.
