Western Union said on November 10, 2026 that it had terminated its agreement to buy International Money Express (Intermex), after the California Department of Financial Protection and Innovation (DFPI) set final approval conditions that Western Union called unacceptable. Intermex rejected the termination on November 11 and demanded that Western Union complete the roughly $500 million deal.
Why it matters: The DFPI conditions cover fraud detection, anti-money laundering oversight of agents, limits on restricting consumer choice at agent locations and a bar on materially reducing agent locations in California. Western Union said 54 other states, territories and countries had approved the deal, and Intermex has reserved its rights, including seeking specific performance, so the two remittance companies now dispute whether the merger must close.
Source: Western Union, November 10, 2026; California DFPI, November 10, 2026; Payments Dive, November 11, 2026; Quartz, November 11, 2026
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Image: John Hill, CC BY-SA 4.0, via Wikimedia Commons
