What changed
Western Union delivered notice of termination of its agreement to acquire International Money Express after California's Department of Financial Protection & Innovation issued final Conditions of Approval requiring material changes to Western Union's business model, agent relationships and long-term strategy. Western Union had received approvals from 54 states, territories and foreign countries, with California the sole outstanding jurisdiction; California had initially granted approval on February 11, 2026, extended it on April 17, 2026 and July 31, 2026, then withdrew approval thirteen days after the second extension. Neither party is required to make any termination payment. California did not identify any failure by Western Union to comply with legal requirements related to fraud and scam prevention, money laundering, or fair and competitive customer access.