Immigrant Coalition Reaches Money Transfers Deal As It Boycotts Western Union

http://www.detnews.com/apps/pbcs.dll/article?AID=/20080503/AUTO01/805030335/1148

By Doug Cunningham

An immigrant coalition called the Transnational Institute for Grassroots Research and Action says it has a deal with Virtual Money, Incorporated to provide money transfer services for migrant workers. The deal ensures fair pricing, responsible investing and genuine community reinvestment, according to the group. The coalition had launched an international boycott against Western Union, alleging unfair corporate practices. The coalition is demanding that Western Union cut its fees, provide what the group considers a fair exchange rate, commit a dollar from every transaction to a transnational community reinvestment fund and adopt human rights screens in its investment practices.