Deals
MoneyGram Deal Is Said to Spur Schumer Warning Over Security
- Democratic leader says foreign access to U.S. data poses risks
- China’s Ant Financial has agreed to buy MoneyGram service
Senate Minority Leader Chuck Schumer
Photographer: Chip Somodevilla/Getty ImagesThis article is for subscribers only.
Foreign takeovers of U.S. companies that control Americans’ personal information should be scrutinized for risks to national security and possibly blocked, Senate Minority Leader Chuck Schumer is planning to tell the Trump administration as it reviews a batch of Chinese deals.
Schumer, a Democrat from New York, plans to send a letter to Treasury Secretary Steven Mnuchin on Wednesday urging the administration to closely scrutinize acquisitions that give overseas investors access to personally identifiable and sensitive financial information about Americans, including those in the military.