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Currency Exchanges

Currency Exchanges In 2017, Woodstock Institute mobilized in response to the currency exchange industry petitioning the Illinois Department of Financial and Professional Regulation (IDFPR) for an increase in the maximum rates exchanges could charge to…
 

New Illinois Currency Exchange Check-cashing Rates

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…
 

Timeline: Currency Exchange Rate Increase

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…
 

Currency Exchange Rate Increase

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…
 

Currency Exchanges Pushing Fee Increase (NPR Illinois)

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…
 

Currency Exchanges Pushing Fee Increase (NPR Illinois 91.9 UIS)

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…
 

Currency exchanges’ higher check-cashing rates hurt poor

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…
 

Currency Exchange Services May Increase With New Proposal

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…
 

Fee increase proposed for currency exchanges

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…
 

Fee increase proposed for currency exchanges

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…
 

Currency Exchange Rate Increase Hearing Notice

A public hearing on the proposed increase in the maximum allowable rate that may be charged for check cashing at Illinois currency exchanges has been scheduled for Wednesday, September 13, 2017, 10:00 am to 12:00…
 
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