Check Cashing Fairness Act Now Illinois Law Governor’s Signature Cements Consumer Victory Following Months of Advocacy FOR IMMEDIATE RELEASE: August 6, 2018 PRESS CONTACTS: Brent Adams (badams@woodstockinst.org) or Jenna Severson (jseverson@woodstockinst.org) 312-368-0310 CHICAGO, IL – Governor Rauner signed...
NEW CHECK-CASHING RATES Are you looking for information about ways to save, borrow, and other strategies to build wealth safely? We created the WeProsper website to help! Visit WeProsperIL.org now to learn more. Effective July 1, 2018, at Illinois...
Check Cashing Fairness Act Passes Illinois House Bill Now Goes to Governor’s Desk for Signature FOR IMMEDIATE RELEASE: May 18, 2018 CHICAGO, IL – By a unanimous vote (101-0), the Check Cashing Fairness Act passed the State House today. After...
Support SB 2433 – Check Cashing Fairness Act Ford-Harper-Lilly- Pritchard-Lang Feigenholtz-Thapedi-Harris-Hernandez-Tabares This bill, which passed the Senate 54-0, reflects an agreement among the major stakeholders on the issue of check-cashing fees at currency exchanges. The major stakeholders...
Changes at the Currency Exchange How Illinois Consumers Lessened the Blow of a Check-Cashing Rate Hike A coalition of consumer advocates and the Illinois currency exchange industry reached an agreement on the maximum allowable rates for check-cashing fees on...
Research Brief: Can Illinois Households Afford a Check-cashing Rate Increase In February of 2017, the check-cashing industry petitioned the Illinois Department of Financial and Professional Regulation to increase the maximum rate currency exchanges can charge to cash a check...
FOR IMMEDIATE RELEASE: JANUARY 24, 2018 Contact: Jenna Severson (jseverson@woodstockinst.org) (312)368-0310 A Slap to Consumers, Rauner Plows Ahead with Check-cashing Rate Hike Collins, Ford Introduce Check Cashing Fairness Act CHICAGO, IL – Governor Rauner’s agency, the Department...
Governor’s Check-Cashing Rate Hike Slams Lower-Income Communities FOR IMMEDIATE RELEASE: December 6, 2017 CHICAGO, IL— Austin community members gathered Wednesday, December 6, 2017, to speak out about Governor Rauner’s proposed rate hike for check-cashing fees at currency exchanges. The town...
OPINION by Dory Rand in Crain’s Chicago Angelica Rosales, a hardworking Latina parent of three children, is living paycheck to paycheck. To cash those paychecks, Rosales often goes to a currency exchange. Her reason for not having a bank...
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...