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...
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...
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...
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 Stacey Baca, ABC 7 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 to close down....