The Western Union Company provided an update on its pending acquisition of International Money Express (IMXI). The company received regulatory approval from the New York State Department of Financial Services (NYDFS) following the execution of an Assurance of Discontinuance with the Office of the Attorney General. Under this agreement, Western Union committed to maintaining a specific retail footprint in New York, limiting price changes for remittances to certain Latin American and Caribbean countries, and obtaining prior approval for future acquisitions for three years post-closing. Conversely, the California Department of Financial Protection and Innovation suspended its previously granted approval extension on August 13, 2026, citing a need for further review after six months had passed since the original grant. Western Union intends to engage with California regulators to seek reinstatement and remains committed to closing the transaction promptly upon resolution.
