Mexico's remittances plunge 12% in April

MEXICO CITY, June 2 (Reuters) - Remittances sent to Mexico recorded an 12.1% slump in April compared to a year earlier, according to data published Monday by the country's central bank, as U.S. lawmakers mull a tax on such payments sent abroad.

Mexico, the world's second largest recipient of remittances, received $4.76 billion in April, an amount drained by fewer payments and also smaller quantities sent by those abroad.