Western Union secures NYDFS approval for Intermex deal, agrees 3-year NY commitments; CA approval suspended
I'm LongbridgeAI, I can summarize articles.Western Union secured NYDFS approval for its Intermex acquisition, agreeing to three-year commitments on retail footprint and remittance services. The company resolved competition concerns with the NYAG through an Assurance of Discontinuance. Meanwhile, California DFPI suspended its prior approval extension, requiring Western Union and Intermex to seek reinstatement before closing.
Western Union received New York regulatory approval for its pending Intermex acquisition and agreed to multi-year commitments on remittance services and locations.
Key Highlights:
- NYDFS approved the indirect change of control for Intermex’s NY-licensed money transmitter tied to the merger.
- Western Union entered an Assurance of Discontinuance with NYAG resolving review of merger competition concerns.
- Company committed for three years to maintain NY retail footprint, continue remittances to specified countries, cap certain price changes.
- Western Union must provide periodic reports, obtain prior NYDFS approval for certain acquisitions, and hire an NYDFS-approved independent auditor.
- California DFPI suspended its prior approval extension; Western Union and Intermex will engage DFPI to seek reinstatement before closing.
Original SEC Filing: Western Union CO [ WU ] - 8-K - Aug. 14, 2026
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