February 10 – the Community Currency Exchange Association of Illinois (CCEA) submitted a petition to the Illinois Department of Financial & Professional Regulation (IDFPR) to increase the check cashing rate cap March 10 – IDFPR accepted CCEA’s petition and...
Woodstock Institute opposes the Illinois Department of Financial and Professional Regulation’s (IDFPR) proposed across-the-board rate increase on check cashing fees, as requested by the currency exchange industry. Please contact Jenna Severson at jseverson@woodstockinst.org or (312)368-0310 for more information. ...
By Brian Mackey, NPR Illinois 91.9 UIS State financial regulators are recommending an increase in the fees that currency exchanges charge for cashing checks. Opponents say it will hurt Illinois’ poorest residents. Currency exchanges petitioned the state for the...
By Brian Mackey, NPR Illinois 91.9 UIS State financial regulators are recommending an increase in the fees that currency exchanges charge for cashing checks. Opponents say it will hurt Illinois’ poorest residents. Currency exchanges petitioned the state for the higher...
Testimony of Sen. Jacqueline Y. Collins to IDFPR.pdf
By Andy Dahn, CBS 2 A state panel is considering a proposal that would make currency exchange services more expensive for Illinois residents, and that isn’t sitting well with some. “The department’s proposal would impose double digit rate increases...
By Mary Mitchell, The Chicago Sun-Times CHICAGO, September 13 — Antwain Miller, 40, is barely staying afloat. On some days, he puts on his “Lugenia Burns Hope Center” T-shirt and canvases the neighborhood, rallying residents in Bronzeville around issues that...
By Mary Mitchell, The Chicago Sun-Times CHICAGO, September 13 — Antwain Miller, 40, is barely staying afloat. On some days, he puts on his “Lugenia Burns Hope Center” T-shirt and canvases the neighborhood, rallying residents in Bronzeville around...
By Andy Dahn, CBS 2 A state panel is considering a proposal that would make currency exchange services more expensive for Illinois residents, and that isn’t sitting well with some. “The department’s proposal would impose double digit rate increases...
By Stacey Baca, ABC 7 CHICAGO, September 13– A push is underway to charge more money when you cash any check at a currency exchange. An association for the companies argued they are making less money, even forcing some...