New Rules for Money Transfers, but Few Limits
International Herald Tribune Saturday 2nd June, 2012
From her job at a packaging factory in Chicago, Patricia Gonzalez cobbles together $70 a month to send to her mother in Guadalajara, Mexico, leaving her less money for groceries. In Boardman, Ore., Raul Esparza, a migrant farmworker, works as many hours as he can to send $50 a week to his children in Mexico City.
Both resent having to pay Western Union a $10 fee to send money abroad and an additional cut to convert dollars to pesos. But these charges have fueled the company's record profits and made it a relative outlier in the financial services industry.
Read the full story at International Herald Tribune
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