U.S. immigrant groups are ratcheting up a boycott of Western Union Co. in hopes of forcing the global money-transfer industry to do good for its customers' families, not just do well for itself.
Foreign workers complain that wire-transfer firms set extortionate fees and exchange rates, and that the industry fails to reinvest in the very communities from which it profits. Western Union is being targeted for its size: It is the biggest player in the United States and ranks among the largest in the world.
I had no idea that this much money was leaving the country. Western Union is making a sizable profit!
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