The Western Union Company filed an 8-K on August 14, 2026, disclosing that on August 13, 2026, it entered into regulatory agreements with New York authorities related to its pending acquisition of International Money Express, Inc., while simultaneously receiving a suspension of approval from the California Department of Financial Protection and Innovation.

Key Highlights

  • New York Assurance of Discontinuance: Western Union and Intermex Wire Transfer II, LLC entered into an Assurance of Discontinuance with the New York Attorney General's Office on August 13, 2026, resolving a review of the merger's competitive impact on remittance services to Latin America and Caribbean countries.
  • Three-year NYDFS Commitments: For three years following the closing of the merger, the company agreed to maintain retail locations in New York State, continue offering retail remittance services to specified countries, and limit certain price changes on those remittances.
  • Independent Auditor Required: The company is required to engage an independent auditor, subject to NYDFS approval, to assess compliance with the Commitments.
  • NYDFS Change-of-Control Approval Obtained: In connection with the agreements, the company obtained NYDFS approval of the indirect change of control of Intermex's New York-licensed money transmitter subsidiary.
  • California Approval Suspended: On August 13, 2026, the California DFPI suspended the approval extension previously granted on July 31, 2026, citing a need to further review the transaction following the intervening six months since approval was originally granted.
  • No Admission of Wrongdoing: According to the filing, the Assurance of Discontinuance "was entered into for settlement purposes only and does not constitute an admission of any violation of law, and neither the Company nor Intermex admits the NYAG's findings set forth in the AOD."

Western Union Discloses Dual Regulatory Developments in IMXI Acquisition

According to the filing, Western Union (NYSE:WU) and Intermex Wire Transfer II, LLC, a subsidiary of International Money Express, Inc. (IMXI), reached an Assurance of Discontinuance with the Office of the Attorney General of the State of New York on August 13, 2026. The agreement resolved a review conducted by the New York Attorney General and the New York State Department of Financial Services concerning the merger's potential effect on competition in remittance services from New York State to certain countries in the Latin America and Caribbean region. The filing states the AOD carries no admission of any violation of law by either party.

Separately, the company agreed to Commitments with the NYDFS covering a three-year period following the closing of the merger. These include maintaining a certain footprint of retail locations in New York State, continuing to offer retail remittance services to the specified countries, limiting certain price changes on retail remittances from New York to those countries, providing periodic reports to the NYDFS, obtaining prior NYDFS approval for certain types of acquisitions, and engaging an independent auditor to assess compliance.

On the same date, the California Department of Financial Protection and Innovation sent a letter to the company and IMXI suspending a previously granted approval extension. The DFPI stated in its letter that the suspension is "based on a need to further review the transaction as a result of the intervening six months since approval was originally granted, and to further examine the impact of the proposal on operations in this state." The filing states that the company and IMXI intend to engage promptly with the DFPI to seek reinstatement of the approval as soon as practicable, and that both parties "remain committed to completing the transaction and intend to close promptly after the reinstatement of the DFPI approval, subject to satisfaction or waiver of remaining customary closing conditions." The filing notes that forward-looking statements are the company's own and are subject to its cautionary language.

What Was Disclosed

Western Union disclosed two regulatory developments on August 13, 2026, relating to its pending IMXI acquisition: the execution of agreements with New York's attorney general and financial regulator imposing three-year operational commitments, and a suspension of California's prior approval pending further regulatory review.