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Master's Professional Reports Abstract

The U.S.-Mexico electronic money transfer industry: alternatives and considerations for legislative action
Chavez, Luis
Report 2000 V2412 Public Affairs Library.

The purpose of this professional report is to examine the electronic money transfer industry and possible public policy initiatives impacting the Mexican immigrant community in the United States. It is well documented that as a tradition, Mexican immigrants have had the responsibility to remit part of their earnings back home to support their families. Mexican families hold strong family values and each one of the members is conscious of the role they must play for the benefit of the family as a whole. However, because of the limited choices the Mexican immigrant has, he or she must resort to non-bank financial institutions for their banking needs. These institutions, such as, Western Union and MoneyGram are aware of the strong relationship they have with the Mexican immigrant community.